Securing a £3 million interest only mortgage for solicitor with complex income can be challenging, as traditional lenders may not recognise profit-share or partnership distributions as stable income. Articus Finance successfully arranged a competitive interest-only facility with a leading private bank, enabling our client to purchase a prime residential property worth £4.5 million.
Introduction
For many high-earning professionals, the route to securing an interest-only mortgage is less straightforward than expected. In this case study, we explore how Articus Finance secured a £3 million interest only mortgage for solicitor with complex income, demonstrating that flexible structuring and private bank access remain critical in complex underwriting scenarios. Despite mainstream hesitation, we converted nuanced income into a compelling approval.
Client Background
Our client was a UK national and resident, a senior solicitor and equity partner in a well-regarded law firm. Their income package was substantial but structured differently from conventional salary models:
- Position: Senior Partner at UK law firm
- Income Structure: Combination of modest base salary and significant profit share
- Property: £4.5 million new main residence
- Loan Requirement: £3 million
- Loan-to-Value (LTV): 66%
While this profile suggested strong affordability, conventional lenders struggled with the reliance on partnership distributions. Automated assessments categorised the basic salary as too low to support the borrowing requirement. The client approached Articus Finance following frustration with repeated declines, looking for a broker who could present their financial profile in the right context.
The Challenge
The core challenge was translating partnership-based earnings into a form lenders could accept. While total income was robust, the majority came from profit shares rather than regular monthly salary. High street banks viewed this as less reliable and outside their underwriting comfort zones, despite long-term evidence of continued income stability.
Additionally, the client wanted an interest-only mortgage, aligning repayment strategy with liquidity management and long-term capital events. Many lenders reluctant to engage with partnership income were equally cautious about offering interest-only terms, perceiving the risk level to be higher. Without an intermediary with private bank access, the client faced limited routes to approval, despite being a prime candidate in reality.
Our Solution
Articus Finance powered the client’s application with a well-structured case built around the realities of high-level legal earnings. Drawing upon our long-standing private bank relationships, we engaged a lender attuned to complex professional income and comfortable structuring large interest-only facilities.
- Holistic Presentation: We documented multiple years of profit-share stability, highlighting long-term earnings consistency.
- Private Bank Approach: Unlike high street lenders, the chosen bank recognised the credibility of partnership distributions, focusing on the solicitor’s position and firm reputation.
- Interest-Only Facility: The £3 million mortgage was structured on an interest-only basis, with repayment flexibility linked to anticipated future liquidity events.
- Loan-to-Value: At 66% LTV, we demonstrated sustainable exposure, reassuring the lender regarding collateral strength.
Through careful explanation and supporting documents, Articus Finance transformed the income “complexity” into evidence of long-term financial sustainability. The private bank offered terms that aligned perfectly with the client’s objectives.
Key Highlights
- Client: UK solicitor, law firm partner
- Property: £4.5 million residential purchase
- Loan: £3 million interest-only mortgage
- LTV: 66%
- Challenge: Complex income reliant on profit share
- Outcome: Approval from a top private bank at competitive terms
Why Articus Finance Delivered
Articus Finance specialises in cases where mainstream approaches fail. With deep expertise in High Net Worth Mortgages, Self-Employed Mortgages, and Private Bank Mortgages, we focus on structuring complex income into compelling cases.
Securing a £3 million interest only mortgage for solicitor with complex income required more than lender selection. It demanded a strategy: evidencing profit share sustainability, emphasising long-term career strength, and aligning repayment terms with client financial planning. Our ability to combine technical knowledge with persuasive financial storytelling ensured a successful outcome.
Once again, this case highlights why professionals with partnership-based earnings should not be limited by rigid lender frameworks. With Articus Finance, our clients can access bespoke solutions, ensuring that complex income becomes an opportunity, not an obstacle.
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Final Thoughts
This case illustrates how a £3 million interest only mortgage for solicitor with complex income can be secured with expert structuring and private bank access. By reframing partnership-based earnings as evidence of strength and stability, Articus Finance provided the solution traditional lenders could not. For professionals with unique financial profiles, our expertise ensures access to the right mortgage at the right terms.
