A mortgage solution for a couple’s first family home
A wealth planner, private bank and investment manager all-in-one.
Our client’s wishes
Our clients were ready to move from renting to buying their first permanent family home in the UK. The couple have spent the last ten years living in high‑quality rental properties, paying around £6,000 a month. After having an offer accepted on a home they love, they were looking for a £1.4 million mortgage to make the move into homeownership.
Our clients’ situation
The couple both have successful careers and good incomes, but an initial review of the accounts they share didn’t clearly show that they can easily afford the mortgage while maintaining their usual lifestyle. However, much of their spending is on everyday choices rather than fixed commitments, meaning they can adjust their budget and spending if needed.
They also run a successful food business and have easily accessible funds they can use to top up their income if required, as well as an investment portfolio that has performed well over the past three years, giving them another reliable source of financial support.
Because their income can vary from year to year, we recommended a mortgage structure that sets aside two years’ worth of interest payments in a secured deposit account.
Our clients’ outcome
Because their income can vary from year to year, we recommended a mortgage structure that sets aside two years’ worth of interest payments in a secured deposit account. These funds aren’t locked away for long. After the first year, once updated financial documents show everything is still affordable, half of the deposit is released. The remaining half is released the following year after the same checks. This approach gives the clients peace of mind without limiting their financial flexibility.
The couple were happy with this structure and once they confirmed they wanted to proceed, their application was quickly approved, and the property valuation was completed.
They are now moving ahead with their purchase and are looking to owning their first family home.
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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.
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