Our client, a senior technology executive, sought a £1.4 million mortgage to purchase a prime London apartment. Our client’s remuneration comprised a base salary alongside vested restricted stock units (RSUs).
Traditional lenders were unwilling to recognise share-based income, focusing solely on fixed salary and excluding RSUs from affordability calculations. This significantly understated the client’s true earning position despite consistent vesting history and liquidity.
Million Plus Private Finance structured the application to present her full remuneration profile, including salary, RSU vesting schedules, and evidence of historic realisation. By approaching a private bank experienced in executive compensation structures, the client’s income was assessed holistically rather than through rigid salary-only models.
The mortgage was arranged on an interest-only basis, allowing the client to preserve liquidity while maintaining flexibility within their wider wealth strategy.
