£4.1m Dream Home Purchase in Surrey For US Company Director
Navigating the financial maze can be daunting, especially when your income structure is far from conventional. P10 Financial Group are experts at delivering mortgages for the most complex of requirements, this is how we helped a successful business owner through the complexities of securing a substantial mortgage for a new family home in Surrey.
The Challenge: A Complex Financial Profile
Our client, a director of a thriving limited company, came to us with an ambitious goal: purchasing a £4.1 million home in Surrey for his family. Like many high-net-worth individuals (HNWIs), his financial situation was anything but straightforward. Our client owned a business in the US, adding to the complexity his drawings from the business were very minimal and paid in US dollars.
Traditional lenders often struggle with such cases. The rigid criteria and maximum borrowing caps that characterize conventional mortgage options weren’t designed for someone like our client. The mix of foreign currency income, minimal personal drawings, and the desire for an interest-only mortgage meant that this case required a tailored, expert approach.
The Solution: A Bespoke Financial Strategy
Understanding the urgency—this was a family of four, eager to settle into their new life in the UK—we moved quickly to assess the full scope of our client’s financial situation. We knew that conventional mortgage assessments would fall short in this case. Instead, we honed in on the company’s strength.
Our team worked closely with the client, meticulously gathering documentation and crafting a compelling case for a bespoke mortgage product. We then tapped into our network of specialist lenders, those who not only understood the nuances of HNWI income structures but were also willing to factor in US dollar income when calculating affordability.
The Result: Securing the Dream Home
Through our diligent work and deep understanding of the complexities involved, we secured a mortgage that was perfectly aligned with our client’s needs. Here’s how it shaped up:
Property Purchase Price: £4.1 million
Mortgage Amount: £2.46 million
Interest Rate: 4.29%
Loan-to-Value (LTV): 60%
Repayment structure: Interest only
Income Assessment: Based on net profit before tax from the US company
This custom-tailored mortgage allowed our client to secure the home they had their hearts set on, without the stress and delays that often accompany such complex financial arrangements. The interest-only structure provided the necessary flexibility, while incorporating foreign currency income ensured that every aspect of the client’s financial reality was accurately considered.
Conclusion
The P10 Financial Group Difference
At P10 Financial Group, we take pride in delivering solutions as unique as the individuals we serve. In this case, we turned what many might see as an insurmountable challenge into an opportunity, enabling our client to move into their dream home without unnecessary complications.
If you’re a business owner or HNWI facing complex financial challenges, P10 Financial Group is here to help. We specialize in crafting bespoke financial strategies that align with both your personal and professional goals. Our mission is to clear the path so you can focus on what truly matters—building the life you’ve envisioned for yourself and your family.