The borrower
A managing director of a FMCG organisation approached Investec when she wanted to purchase a three-bedroom property in the Home Counties. The client had a complex income structure and planned to move into the home in two years’ time.
The challenge
The client needed a high-value mortgage with consent to let from day one. This would allow her to rent out the property until she was ready to move in.
In addition, her ability to use her income to service the loan was reduced by significant payments to a pension plan, as well as a desire to use bonus and investment income towards the deposit.
The solution
At Investec, we work closely with financial planning specialists and take our clients’ wider cashflow needs into consideration. In this case, we were able to carefully consider the client’s financial position and provide a 70% LTV mortgage. The loan was structured in two parts, and this included an interest-only tranche. Buy-to-let rates were applied for an initial period.
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Our Private Bankers are highly experienced with a history in complex lending and relationship management.
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. This is a case study based on the services we provide and may be hypothetical. Some details may also have been changed for client confidentiality.
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