Investec private bank offers a range of mortgage solutions for brokers who work with high-net-worth individuals.
We recognise that many of your clients want to seize opportunities in the property market at speed. As our team specialises in understanding and leveraging complex wealth profiles, this means we can often tailor a mortgage quickly. We recently enabled an entrepreneur to draw a 75% LTV mortgage within 12 days.
By partnering with Investec, mortgage brokers can offer their high-net-worth clients the lending solutions they need to achieve their property goals.
The borrower
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 problem
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.
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.
Get in touch
If you're a mortgage broker and want to discuss how we can help your clients with their mortgage, contact us.
Further information for mortgage brokers
Mortgage rates
Our latest rates and details on early repayment charges, valuation fees and solicitors fees.
Mortgage broker hub
Our dedicated hub for mortgage intermediaries.
Client application forms
Application forms and key documents for your clients to complete.
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.
