Property price: £3,675,000
LTV %: 75% (£3m max)
Rate: 2.39% 5 year fixed
Over how many years: 5 years
The property was a house situated in Zone 1.
The client was an American national living in the U.K.
The client was looking for at least 75% minimum to buy their home – full interest only.
The client only had employed income to support a mortgage of around £1 million.
I got in touch with a private bank I’ve worked with before and they were happy to use his investment portfolio as additional income, using the HNW exemption for affordability.
In the end, I was able to secure the desired 75% LTV on an interest only basis for my client, who was delighted with the outcome and could proceed with the purchase of his new home in the UK.
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