A bespoke mortgage solution for an international client
A wealth planner, private bank and investment manager all-in-one.
Our client’s wishes
We were recently introduced to Mr A, an Australian national and Partner at a leading law firm in Hong Kong. He contacted our team, aiming to refinance his UK property and raise additional funds to complete a renovation project that had lasted for nearly four years.
The property, valued at £4 million, had already had a large amount of investment. Mr A was looking to secure £2.4 million – 60% of the property’s value – to complete these updates and bring the renovation to a close. After years of delays, he needed a financial solution that would move the project forward and regain momentum.
Our clients’ situation
To fully understand Mr A’s position, our first priority was to assess his income. Although he had only recently joined his new firm, his employer provided a detailed projection of his annual earnings, supported by benchmarking data. This gave us confidence in the reliability of his income, especially when paired with his strong track record of bonuses and consistent earnings from his previous role. With a substantial bonus expected, Mr A also had a cushion for any unforeseen costs.
He also shared a comprehensive breakdown of renovation costs, and it was clear the project was well-managed, with most of the heavy lifting already completed. Given the level of detail and progress, we were comfortable releasing the full loan upfront, with no requirement for staged drawdowns.
Given the level of detail and progress, we were comfortable releasing the full loan upfront, with no requirement for staged drawdowns.
Our clients’ outcome
We structured a two-year fixed-rate, interest-only mortgage to give Mr A predictable monthly payments and the financial headspace to focus on completing the renovation.
We also provided a ten-year term to align with his future plans, whether that be selling and downsizing or using other investments to repay the loan on his own timeline.
With the valuation signed off and the mortgage offer secured, the legal process is now underway. Mr A is finally on track to complete the project, and we were pleased to support him at this important stage.
Related news
You may also be interested in the following Insights
Contact
Get in touch with a member of our team to find out how Nedbank Private Wealth can help you achieve your financial goals and objectives.
Email our credit specialists directly at [email protected] or call +44 (0)1624 645000 to speak to our client services team.
Any examples of investments and structures used are for illustrative purposes only. This case study does not constitute an invitation or inducement to buy any financial investment or service. None of the content constitutes advice or a personal recommendation. Individuals should seek professional advice, based on their jurisdiction and personal circumstances, before making any financial decision.
Related case studies
Read about more clients we have helped
We have helped countless high-net-worth clients with their financial needs – some straightforward, some complex. Our bespoke approach, where we really get to know our clients, allows us to offer solutions that other wealth planners and private banks aren’t able to.
A mortgage solution for a couple purchasing and renovating a new home
A tailored mortgage solution when it matters most
Helping a family make a timely move from the US to the UK
Helping a South African executive relocate to the UK
A swift and sophisticated Lombard loan solution for a Dubai-based client
From rejection to success: Saving a time-critical property investment for a South African couple
Crafting a bespoke lending solution for an Isle of Man pension trustee
A hassle-free relocation to the Isle of Man
Meeting a critical investment deadline with Lombard lending
