How we helped a Swiss client refinance with confidence
A wealth planner, private bank and investment manager all-in-one.
Our client’s wishes
A Swiss national, currently based in Switzerland, approached us looking to refinance an existing mortgage he held with another lender. He owns a UK property and was wanting a new mortgage that continued to follow UK mortgage regulations. He was looking for a lender who could move quickly and understand his plans.
Our clients’ situation
Our client works in the medical profession and is preparing to spend much more time in London, with the goal of becoming a UK resident in the near future. To make the move smoother, he wanted his UK property ready for his own use.
His existing lender couldn’t renew the mortgage under the same terms because it’s a UK‑regulated loan, so he started exploring other options and was introduced to us through his broker.
Financially, the client was in a strong position. He has significant assets and has always met his mortgage payments. The only challenge was around proving his income. In Switzerland, tax information is finalised around 18 months after the year ends, which meant we couldn’t verify his most recent earnings in the usual way.
We put forward a straightforward, practical solution where the client would hold two years’ worth of interest payments in cash until his 2025 and 2026 tax returns were available. Half would be released after one year, and the rest after the second. Given his financial position, including assets held with his current lender, this approach felt both fair and sensible.
The only challenge was around proving his income. In Switzerland, tax information is finalised around 18 months after the year ends, which meant we couldn’t verify his most recent earnings in the usual way.
Our clients’ outcome
The client was delighted with the structure we proposed. His application was approved quickly, the valuation went through smoothly, and the mortgage offer was issued and returned without any delays.
Since then, he’s met with his new relationship manager at Nedbank Private Wealth to explore additional support we can provide him, including the possible transfer of his investment portfolio onto our platform.
This case is a great example of how we can create a simple, tailored solution, and in doing so, open the door to wider opportunities that support a client’s broader financial goals.
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.
Helping clients grow their property portfolio with a flexible lending solution
A triple borrower / joint proprietor solution for a client buying a holiday home in the UK
A mortgage solution for a couple’s first family home
Urgent refinancing made simple
Using Lombard loan to help an expat build their dream home abroad
Supporting a family’s smooth move from the UK to Guernsey
A Lombard Loan solution for a time-sensitive property investment
Giving clients breathing room to plan their next move
Cross-border mortgage support for a US National buying in the UK
