Our client, a UK-based entrepreneur, sought a £2.4 million mortgage to purchase a prime London residence valued at £3.2 million. The client’s income comprised dividends, retained company profits, and investment income, rather than a conventional PAYE salary.
Traditional lenders focused narrowly on salary drawings, disregarding retained profits and balance sheet strength. This approach materially understated the client’s true borrowing capacity despite strong company performance and substantial liquidity.
Million Plus Private Finance structured the application to present the client’s full financial position, including company accounts, retained earnings, dividend history, and liquid investment assets. By approaching a private bank experienced in entrepreneurial income structures, affordability was assessed holistically rather than through rigid income multiples.
The mortgage was arranged on an interest-only basis at a competitive loan-to-value ratio, enabling the client to complete the purchase while preserving liquidity and maintaining flexibility within their broader wealth strategy.
