Our client, an investment professional based in New York, wished to purchase a £2.5 million property in London as a UK base for their family. The clients income was paid in US dollars and included both salary and annual performance bonus.
When approaching high-street lenders directly, significant currency haircuts were applied and bonus income was partially excluded. This restricted borrowing capacity well below the level required, despite strong and consistent earnings.
Million Plus Private Finance presented three years of USD-denominated income, bonus history, and employer confirmation to a private bank familiar with internationally paid clients. Currency exposure and income sustainability were assessed in context, rather than through conservative retail lending assumptions.
The mortgage was structured on an interest-only basis, enabling the purchase to proceed efficiently while managing currency exposure and maintaining investment flexibility.
