Taking a wider view on family assets leads to a positive outcome

Friday November 2, 2018

Are you looking to secure a large mortgage with an equity gift deposit? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us.

Case Profile

Our clients were a married couple living offshore who wanted to purchase the property they were living in. The property was owned by a relative who had agreed to gift a portion of equity to the couple, effectively giving them the deposit amount, they required.

The applicants were self-employed and looking to secure an interest only mortgage. However, they had limited business accounts and certain expenses which made the requirements on the maximum loan very difficult to achieve through their income alone.

Having tried several banks in their offshore jurisdiction, they had drawn a blank and therefore approached our CEO Paul Welch for assistance. He approached a private bank and, together, our teams drew up a bespoke solution for the couple.


With our guidance, the private bank was happy to look at the clients’ wider situation. They looked at the assets owned by the family relative gifting the property and decided that a charge on the mortgaged property and on some of the family’s assets would allow enough security to agree the loan.

Not only did our client secure the interest only mortgage they were looking for, the arrangement also allowed their relative to establish a relationship with the bank for future transactions.

Deal Highlights

Loan amount:£650,000
Rate:2.5% above LIBOR
APRC:Overall cost for comparison 3.13% APRC representative variable
Term:5 years
Type:Interest Only
Loan purpose:Residential Purchase
Lender’s arrangement fee:1% of loan amount
Early repayment charge:0.25% of the amount required to repay applied to the remaining period, until the net interest re-set date



This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific deal may not be available to Рor suitable for Рall customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

Overall cost for comparison 3.13% APRC representative variable based on 60 payments over 5 years at a lenders variable rate, currently 2.50% above the London Inter-Bank Offered Rate, currently 0.51531%, giving a current rate payable of 3.01531%. Because all, or part of, the mortgage is currently, or will revert to a variable interest rate mortgage, the actual APRC could be different from this APRC and the payments could increase, if the interest rate of the loan changes. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

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