Investec case study: High LTV mortgage for legal Partner’s first home
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Our client was a Chief HR Officer at a large multi-national company and had relocated to London.
The client had a complex income structure; they were paid in euros and received multiple aspects of income from basic salary, bonus and stock options. They wanted to purchase the five-bedroom property they were renting in Surrey and needed a fast transaction in order to close the deal.
Investec is able to consider a bespoke solution for clients with a complex income structure. In this case, we provided the client with an 85% LTV mortgage for the purchase of the property with a five-year fixed interest rate. The mortgage was structured in two parts and included an interest-only element. Our integrated credit team enables us to work quickly and the time taken from credit approval to completion was seven weeks.
Disclaimer: 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.
2 min read