Our client, an equity partner at a London law firm, required a £2 million mortgage to purchase a £3 million residential property. The clients income had increased materially over recent years through partnership drawings.
Mainstream lenders relied on income averaging, significantly reducing borrowing capacity and failing to reflect the client’s current earnings or future trajectory.
Million Plus Private Finance structured the application using LLP accounts, partnership agreements, and confirmation of projected drawings. A specialist lender assessed the client’s income progression alongside the firm’s financial standing, rather than relying solely on historic averages.
The resulting mortgage was structured as a blended facility, combining interest-only and capital repayment to provide flexibility while supporting long-term financial planning.
