Coloured town houses with trees infront

18 May 2023

Case study: A £7.65m mortgage in 12 business days

Investec Mortgage Intermediaries team

Investec provided a £7.65m mortgage at 75% LTV in 12 business days for an entrepreneur. 

The client

The client is the co-founder, CEO and majority shareholder of a UK-based privately owned shipping company. The majority of the client’s wealth was tied up in their private company and an offshore trust. The structure and value of the client’s remuneration had changed significantly over the past five years.

The challenge

The client had a mortgage offer with another lender and had progressed with the legal due diligence, but was looking for a new lender who could meet a three-week completion deadline and offer a higher LTV.

It was not possible to get a new property valuation due to access restrictions from the vendor, thus Investec had to rely on having the existing valuation report re-addressed.

While the client had been receiving a salary and bonus income from their company, their remuneration had recently shifted to being predominantly from dividends. Investec had to undertake increased due diligence to be satisfied with the ability to draw income from the company in future.

The solution

Investec was able to provide a mortgage with increased leverage and meet the completion deadline. The mortgage was drawn 12 working days after the initial enquiry. The loan of £7.65m was provided at 75% LTV for a 10-year term on an interest only basis, with a one-off capital reduction after the first two years reducing the leverage down to 65% LTV.

Ready to discuss your clients’ mortgage options?

  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.


Green stylish sitting area

Investec case study: High LTV mortgage for legal Partner’s first home

Investec assisted a client with a complex income structure including a salary that had increased to equity partner and profit distributions.

Case study

2 min read

Visit our intermediary hub

We've been speaking to experts from across our trusted network - along with Investec's residential experts - about how residential and commercial property markets have responded to Covid-19.

Discover more case studies from Investec