London town houses

29 Mar 2022

Investec case study: 90% LTV mortgage for banker with bonus in foreign currency

Investec Mortgage Intermediaries team

Finance professionals typically have a complex income structure including a bonus or foreign currency element. Investec can look at wealth holistically to calculate affordability appropriately.


The client

A broker approached Investec to support a high-net-worth client who was looking to purchase a five-bedroom townhouse in south west London. The client was a senior executive at a prominent investment bank who had a complex income structure.

The challenge

The client was paid his salary in sterling but received annual bonus payments in US dollars. In addition, the client could incur US tax liabilities on gains made on any foreign exchange transactions, which may be used to make capital reductions on a UK mortgage. This needed to be factored into affordability calculations.

The solution

By working with the broker to understand the client’s full financial profile, we were able to help this high-net-worth client secure their new family home in London. Investec offered the client a 90% LTV mortgage on the property from day one, with capital reductions due in the first ten years, which enabled the client to reduce the LTV to 65%.

We have a long track record of working with individuals with complex lending needs, including those with careers in investment banking. If you have an enquiry of this nature, please don’t hesitate to get in touch with our team.


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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.


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