The case in brief
- Client: British national and resident
- Property type: Semi-detached house
- Property value: £4 million
- Loan Amount: £3, 400,000
- LTV: 85%
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The client
Our client was a British national and resident with a successful entrepreneurial background, establishing a restaurant chain over a decade ago. They were looking to upsize their property due to the arrival of a new child. However, due to irregular personal income and reinvestment of their business’s profits, our client had only accumulated a relatively modest deposit – he also did not want to take any more money out of his company.
The client’s strong business account provided them with an advantage, as they demonstrated a steady trajectory for the business. This factor could enhance the client’s personal profile and attest to their capacity to repay a high loan-to-value mortgage.
Our solution
Due to the client’s limited deposit, Articus had to construct a strong case based on the customer’s profile and the business’s future trajectory. This in turn would aid in developing a bespoke solution in collaboration with a private bank.
Our client required a self-employed mortgage and we collaborated closely with a private bank that specialises in this area. The bank was satisfied with our client’s circumstances and offered an attractive mortgage package. We successfully negotiated a mortgage deal with 85% loan to value (LTV) that would decrease to 75% over the next five years.
Typically, private banks require Assets Under Management (AUM) as a precondition for mortgage access. However, at Articus, we have established relationships with various private banks that do not demand AUM.
Securing High-value mortgages can be challenging for entrepreneurs as their earnings are frequently reinvested in their businesses. However, Articus as a premier mortgage broker for high-net-worth individuals, collaborate closely with private lenders to negotiate competitive mortgages for self-employed. Read more about our services here, or speak to a broker today.