Case studies

Geneva, Switzerland – HNW Asset-rich, cash/income poor, large London home purchase

Buy-to-let

Swiss Residence

About the client

Our client was an EU national who spent his time between the US and UAE.
Having sold his company, he held a large portfolio of financial assets.
The portfolio was managed and invested by a fund manager located in Geneva, Switzerland.
Client was purchasing a large central London property for the family's use.
Although he could purchase the property cash his advisors recommended to obtain a mortgage.

The proceeds from the portfolio were reinvested and thus our client did not meet the traditional income and affordability requirement for a mortgage.
As a UK home mortgage is focused on what you earn oppose to what you own most lenders are not able to consider/assist.
For such clients we can secure a UK home mortgage via two methods:
- A Prepaid mortgage - this is where the bank will provide the required mortgage and include the interest for the term of the mortgage. This means the borrower has no interest payments and pays the bank the amount borrower + the interest at the end of the term.
- Monetisation of assets - certain private banks can calculate the value/ income from portfolios/assets and use this figure as the ‘income’ to support the borrowing
For this client we secure the pre-paid mortgage.