Our clients’ wishes
Mr C, aged 50, is an experienced venture capitalist who started a new business in 2021. His broker approached Nedbank Private Wealth as he and his wife were looking to refinance their home.
Mr C and his wife are dual French and UK nationals, and the couple had an existing mortgage of £1,000,000 on a property valued at £3,000,000.
Although the low loan-to-value ratio made the transaction seem straightforward, there were a few complications that meant this case needed a more bespoke and personal approach.
Our clients’ situation
Unfortunately, Mr C’s business was only showing a nominal profit due to COVID-19 and other external factors, making it difficult for him to find a suitable lender for his refinance. However, in a joint meeting with the broker and the client, we were able to get a deeper understanding of Mr C’s income, and we quickly established that he and his wife had additional wealth in cash reserves that could be utilised to assist with the mortgage request.
Additionally, several upcoming venture capital investments from his past were also expected to yield returns of over £10,000,000 over the coming years, which would enable him to comfortably repay the mortgage he was hoping to secure.
Following our conversations with the couple, we were able to offer a three-year fixed-rate mortgage.
How we helped
Using a personalised approach and by meeting with the clients in-person, we were able to take the time needed to understand Mr C’s complex finance situation in full, and to paint a picture of what they were able to achieve financially. Following our conversations with the couple, we were able to offer a three-year fixed-rate mortgage. To secure this, the client transferred three years’ worth of mortgage payments to us in advance through a pre-fund arrangement, covering the entire term.
Mr and Mrs C were delighted with our flexibility and bespoke approach which ultimately enabled them to refinance their primary home, allowing them to focus on Mr C’s new business venture.
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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.
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