We have recently managed to help a client secure a £1.4m mortgage on a relatively low employed income as the client had a large investment/share portfolio which they could utilise.
To discuss this or any other large mortgage case, please contact us.
The clients wanted a million plus mortgage to purchase a London property however they had low levels of employed income. To add further complication, our client’s wife had just returned to the UK from overseas with very little credit profile in the UK, and they wanted the mortgage to be interest only up to 75% loan to value.
Traditional high street lenders would not consider this type of customer profile as they would require full credit bureau searches on both applicants, and for their income to meet their affordability stress tests.
Working closely with a private bank, they were able to top-slice their assets and use this overall asset position to create a hypothetical income profile as part of their overall affordability calculation. The private bank was also able to add our client’s spouse to the mortgage despite her limited UK credit and recent arrival in the UK, when most traditional lenders would have required at least 12 months of occupancy.
No matter how complicated your financial situation may be, call one of our experienced mortgage specialists today to see how we can help.