Case study: client with assets at home and abroad
Meet a client with a complex salary situation
An executive of a global investement firm, looking to buy property in London.
This client had assets at home and abroad, and was exposed to exchange rate risk given that he was paid in both pound sterling and a foreign currency.
This was a complex case, but one that needn’t be problematic nor time-consuming. An individual in this situation seeking a high loan-to-value for a large loan might not normally fit into lenders’ criteria. However, we were able to work with the mortgage intermediary to secure the best possible solution for this client, taking into account the ‘big picture’, including the client’s financial track record and assets.
We required the client to make capital reductions of 6.5% per year for the initial interest period only (first five years), while the loan then reverted to a capital and interest repayment over the following nine years.