Residential mortgage for £20m Surrey home owned via overseas company with complex self employed income

Residential mortgage for £20m Surrey home owned via overseas company with complex self employed income

Area
Surrey
Capital Raised
£13m

The Scenario

Our client approached us looking to purchase a beautiful, grand surrey home valued at more than £20m.

They had a complex and intricate income portfolio, operating a network of overseas companies across multiple jurisdictions.

They also wanted to own their property through their overseas company and were willing to put down a deposit of 35% towards their purchase.

The size, ownership structure, and complicated income sources threw up several obstacles in this case:

  • Our clients’ self-employed income via multiple international sources needed a comprehensive and bespoke analysis, which many lenders aren’t equipped for.

  • There is a narrower appetite for single, high-value assets like our client’s property in the property finance market. This is due to lower demand and extended sales periods for ultra-high net worth properties, rendering them reasonably illiquid compared to standard residential homes. They, therefore, represent a greater risk from a bank’s perspective.

  • Our client wanted to own their property via their overseas company, which complicates the process due to the legal administration.

  • The market appetite for this loan size is a 50% deposit, and we wanted to provide our client with a more attractive loan to value ratio.

The Solution

We started by reassuring our client we have the ability, expertise and trusted relationships to secure an appropriate large mortgage finance solution for their aspirations.

We then spoke to multiple lenders and private banks to determine the best approach for this case, eventually settling on our first recommendation.

We focused on the importance of investing time into our initial conversations with each lender, as lending criteria for foreign jurisdictions can fluctuate in line with internal appetite and the risk profile of each country involved.

Our broker secured a bespoke mortgage that accounted for all of our clients’ needs:

  • 65% loan to value mortgage - 15% higher than the market norm for properties of this value.
  • An interest-only mortgage with annual capital reductions fits our clients’ repayment preferences.
  • Offered flexibility on the term length, with interest rates ranging from 2% to 2.5%.
  • Facilitated ownership through their overseas company.
  • Understood and accepted our clients’ self-employed overseas income structure.

From the offer agreed to completion, the process took around two months, which we were thrilled with considering the case's complexity.

The bottom line...

Without speaking to Clifton Private Finance, our client wouldn’t have known the best lenders to begin conversations with.

In addition, high value, complex cases like this require an existing relationship with lenders to ensure fluid and efficient communication between all parties throughout the process. 

It’s also important to remember that we’re always keen to review and start the process with you, even if you haven't identified a property yet. Every situation is unique and can require unexpected legwork to obtain approval.

The earlier you set the ball in motion, the quicker we can help iron out the issues and secure your property finance as soon as you make your offer.

 

Simon Mullins

Finance Broker CeMAP

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Paige Dumpleton

Finance Broker CeMAP

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Jonathan Moffatt

Head of Business Finance

Cardiff

0203 880 8890

Do you need help sourcing your own business finance?

I have extensive experience securing finance for a wide range of businesses. Book a free telephone consultation with me at a time to suit you. 

Book Consultation

Alex Morris

Private Client Adviser

Bristol

0117 332 5061

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Scott Dutfield

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

Book Consultation

Carly Cheeseman

Head of International

Bristol

0117 457 9922

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Nick Kerley

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Specialist Car Finance

Broker Finance Team

Bristol

0203 900 4322

Do you need help sourcing car finance?

Speak to our finance team or book a team to speak that suits you. 

Book Consultation

Business Finance

Business Finance Broker Team

Bristol

0203 880 8890

Do you need help sourcing business finance?

We have extensive experience sourcing unsecured and secured finance for businesses. Book a free telephone consultation with our business loans broker team at a time to suit you.

Book Consultation

Mortgages & Short Term Finance

Mortgage Broker Team

Bristol

0117 959 5094

Do you need help sourcing a UK mortgage?

We have extensive experience securing 1st and 2nd charge mortgages. Book a free telephone consultation with our mortgage broker team at a time to suit you.

7 Reasons why you should use a specialist mortgage broker »

Book Consultation

Development Finance

Broker Team

Cardiff

0117 959 5094

Do you need help sourcing UK property finance?

We have extensive experience securing UK development finance. Book a free telephone consultation with our team at a time to suit you.

Book Consultation

Expat and Foreign National Mortgages

Broker Team

Bristol

+44 203 900 4322

Do you need help sourcing UK property finance?

We have extensive experience securing UK mortgages for clients based outside the UK. Book a free telephone consultation with our team at a time to suit you.

Book Consultation

Louis Levine

Finance Executive CeMAP

Bristol

0117 457 7862

Are you looking for a similar type of property finance?

Get in touch today and find out how I can help.

Book Consultation

Bridging Team

Clifton Private Finance

Bristol

0117 959 5094

Are you in need of a similar type of property finance?

Book a free telephone consultation with one of our bridging specialists today and see how we can help you.

Book Consultation

Sam Baker

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Fergus Allen

Senior Finance Broker

Cardiff

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Book a free telephone consultation with me at a time to suit you.

Book Consultation

Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

Are you looking for a similar type of property finance?

I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you.

Book Consultation

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Book a free telephone consultation with me at a time to suit you.

Book Consultation

Alex Chambers

Senior Private Client Adviser

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Book a telephone consultation at a time that suits you.

Book Consultation

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance?

I have extensive experience finding residential and investment property finance for UK and international clients. Book a free telephone consultation with me at a time to suit you.

 Book a free telephone consultation with me at a time to suit you, clifton private finance

Book Consultation

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar?

I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.

View Profile »

Book Consultation

Contact Us