Case studies

UAE national and resident, purchasing a new build London flat for own and family use

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UAE Resident

About the client

Our client is a UAE national, living and working in Dubai.
He agreed to purchase a new‑build flat in central London off‑plan.
The agreed purchase price was £6,000,000, and he required an 85% loan‑to‑value mortgage.
Following personal tax advice, the client wished to purchase the property in the names of his adult children, who are currently at university.
As the children are students with no income, the mortgage was arranged in the father’s name, with lending supported by his income and financial profile.
Therefore, the required structure was:
Property ownership: in the names of the two adult children
Mortgage: in the father’s name
Repayment ability: supported by the father’s income
The client is a self‑employed entrepreneur with multiple business interests and shareholdings, all of which are Dubai‑incorporated entities, generating income in AED and USD.

We successfully secured the full 85% LTV mortgage in the required ownership and lending structure through a large, established UK private bank.
The bank opened new UK private banking accounts for both the father and the two adult children, and provided the full 85% mortgage without requiring any cash deposits, assets under management, or collateral.
This allowed the client to:
Maintain the preferred ownership structure for tax planning
Secure high‑leverage financing at 85% LTV
Avoid placing funds or investments with the bank
Complete the purchase smoothly despite the cross‑border income and complex profile