Location: London

Loan Amount: £2,000,000

Finance Category: Residential Mortgage

The Story

We were approached by a client who had a minor shareholding in a company which was about to be floated on the stock market. This IPO would bring the client a substantial amount of wealth, though it was not set to happen for a few years.

The Challenge

The client was employed via the company going through the IPO. His salary was nowhere near what was needed for mortgage affordability at the required borrowing level. However, he wished to purchase his dream home for himself and his family now.

The Solution

We worked with our client to present information to various Private Banks about his shareholding in the company and the upcoming IPO.

We held numerous zoom meetings with the client and our preferred bank, and through this process, the lender was able to get comfortable with our client’s situation and were then able to agree a mortgage over a 5 year term on an interest-only basis at 2.79%.

Our client was confident the IPO would be completed within the next 5 years, at which point he could fully repay the mortgage balance. This has enabled him to purchase the home he dreamed of for his family now, rather than having to wait for the IPO to complete.

Fox Davidson

For more information on mortgages for company shareholders or to speak to us about general mortgage advice, please contact a member of the Fox Davidson team today. Email enquiry@foxdavidson.co.uk or call us on 0117 989 7950