The borrower

A broker approached Investec to support a high-net-worth client who was looking to purchase a three-bedroom flat in North West London for £1.9m as a second home. The client was a Partner at a law firm with a complex income structure.

The problem

As the client was retaining his primary residence, he needed a high loan-to-value (LTV) mortgage with the ability to make capital reductions to reduce the loan over time. The client’s income structure consisted of a monthly salary and deferred profit shares and this complexity needed to be considered to give an appropriate view of affordability. In addition, the client was time-poor so required an efficient solution.

The solution

Investec was able to provide a 90% LTV mortgage for the client’s second home with capital reductions payable during the first five years to reduce this LTV. The client had an existing relationship with Investec Wealth & Investment and this helped us take a holistic view of his financial situation and find an appropriate solution. Using dual legal representation – with the same lawyer acting for Investec and the client – added to the efficiency of the transaction.

We have a long track record of working with individuals with complex lending needs, including those with careers in law. If you have a client with similar mortgage needs, please don’t hesitate to get in touch with our team.

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.