£7 Million – Interest-Only Mortgage For Investment Banker In London

£7 million interest-only mortgage in South Kensington for an investment banker

The Story

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 Challenge

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.

The Solution

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

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 enquiry@foxdavidson.co.uk or call us on 0117 989 7950.

Sarah Fox-Clinch

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.

Favourite Film: Alien or Blade Runner

Quote: “Wanting to be someone else is a waste of who you are” – Kurt Cobain