£7 million interest-only mortgage in South Kensington for an investment banker
Location: South Kensington, London
Loan Amount: £7,000,000
Finance Category: Residential Mortgage
Fox Davidson were approached by a self-employed investment banker who was looking to purchase a townhouse in central London.
He had existing contacts with private banks but was looking for a more competitive offering.
The client was looking to maximise his borrowing against the purchase whilst keeping the loan interest-only and securing a low rate.
The client was looking for a number of factors, a low longer-term fixed-rate, competitive arrangement fees, and a lender who would take his partnership income into account, which had risen significantly in the most recent year.
Fox Davidson were able to secure a five-year fixed-rate at 1.62% with a £1,999 lender arrangement fee.
This loan was arranged at 70% loan-to-value against a purchase price of £10 million, and the whole mortgage was arranged on an interest-only basis, allowing the client maximum flexibility with his finances moving forward.
Fox Davidson is an award-winning team of property finance consultants for properties from £300,000 to £10 million and above. To discuss your property funding requirements, please email firstname.lastname@example.org or call us on 0117 989 7950.
Director & Property Finance Consultant
About: Sarah has been in the mortgage industry for over 20 years and has amassed considerable experience in complex lending situations. Her passion is assisting clients with high value transactions, property with acreage and lending based on complex income. Sarah’s work ethos is to focus on each individual and give the time and support needed to help them move forward with their lives.
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