Investment Banker Mortgage Specialists
Fox Davidson specialise in mortgages for investment bankers.
We work with investment bankers to secure property finance from across the UK mortgage market. Our clients often require large loans that do not fit standard mortgage lenders’ lending criteria. Mortgages for investment bankers are an area of lending we have specialised in for over 15 years. We can achieve high loan-to-value lending, interest-only options, unlimited overpayment facilities and use 100% of bonus income and stock. We work with lenders that take a holistic view of each client’s situation and that can utilise assets including carrying and vested shares to secure bespoke lending terms.
We secure finance for clients who are paid in multiple currencies and secure funding for employed and self-employed investment bankers.
Award-winning mortgage advice for investment bankers
Fox Davidson are a relationship broker, so we take the time to fully understand your current situation and your property goals. We provide tailored solutions to ensure the property finance we secure meets all your needs, both now and in the future. We can secure mortgages for a main residence, pied-à-terre, and on investment properties you’re planning to rent out.
We will take care of all aspects of the mortgage process including liaising with the lender, the estate agents, and the solicitors to ensure an efficient process leading to a drawdown of the funds.
How do lenders treat an investment banker’s income?
As a rule, mortgage lenders will take an average of the last three years’ total compensation package for an investment banker. They then deduct living costs and debts, so we would expect to get anywhere up to 5.5 times net income. Often though, it is more complex than that, as there will likely be deferred compensation in the form of carrying or vested shares which will add merit to a case and help us to secure higher lending amounts. It’s all about building a case for lending, and that is what we do well at Fox Davidson.
In the last 15 years, we have had several major global events that have had a knock-on effect as to how lenders treat commission and bonus income. The crash of 2008 and, more recently, the COVID-19 pandemic. These events required lenders to take a closer look at ‘current’ levels of bonus, and not to rely on past performance. It is now common for lenders to want to see three years’ history of bonus income, as well as the last six months’ compensation to get an idea for your current earnings position. Most bankers have vested stock and we can utilise a client’s positive net asset position to leverage funding for a main residence mortgage via private banks and large loan teams within the high street banks.
In addition, Brexit resulted in some lenders (temporarily) pulling away from lending to European resident clients wishing to finance property in London. With an extensive network of lenders including private banks, high street banks, and specialist broker-only lenders we have always been able to secure lending terms for our investment banker clients, regardless of where they are resident in the world.
Why Fox Davidson?
We are experienced in securing mortgages for investment bankers, our consultants have been providing mortgage advice for investment bankers since 2005. Over that time, we have built up valuable relationships with key decision-makers within high street and private banks, as well as new to market challenger banks and boutique lenders. We take care of the whole process, from enquiry through to completion, so you can go about your work while we do ours.
We are an award-winning property finance consultancy with offices in Bath, Bristol, Exeter, and Knightsbridge. Amid the coronavirus pandemic, most of our advice is completed on the phone and by email, but we can meet in person, to meet your needs.
For mortgage advice for investment bankers and other banking professionals, please call or complete our short enquiry form below. We look forward to working with you.
