The client

An ultra-high-net-worth individual with modest declarable income but a large, diversified investment portfolio, seeking to borrow against property without liquidating assets or disturbing an existing investment strategy.

The challenge

Conventional affordability tests look at income, and the client’s income was deliberately modest. The case only works on an assets-under-management basis with a lender able to underwrite against the wider balance sheet.

Our approach

We took the case to a private bank we work with regularly, structuring the facility against the investment portfolio and the property together, and framing the lending within the broader wealth relationship.

The outcome

A £12m interest-only facility was agreed at 50% LTV on a tracker basis, underwritten against assets rather than income, and completed in seven weeks, leaving the client’s investment portfolio intact.

Client details have been anonymised. This is an illustrative example; individual circumstances and available terms will differ. Your property may be repossessed if you do not keep up repayments on a mortgage secured against it. Some forms of finance are not regulated by the Financial Conduct Authority.