Case study: £7m mortgage for client receiving US dollars and profit shares

The borrower

A senior city professional wanted to borrow £7m to purchase a new family home in North West London.

The challenge

The client worked for an American firm and was paid in dollars. In addition, he received a significant income from profit shares that varied with performance and were distributed at irregular intervals.

This income structure and currency exposure needed to be considered when determining his ability to make long-term repayments.

The solution

Investec supports many high-net-worth clients who have variable or foreign currency income. In his case, we were able to take a holistic view of the client’s career history and current performance to agree an appropriate loan amount.

The client was offered a 70% LTV interest-only facility on a 25-year term.

Important information:

Your property may be repossessed if you do not keep up repayments on your mortgage. Investec residential mortgages are only available for residential properties in England or Wales and are primarily available to UK residents and subject to eligibility. This is a case study based on the services we provide and may be hypothetical. Some details may also have been changed for client confidentiality.