- Client: Limited Company
- Type of Property: Residential home in Chelsea, London
- Value of Property: £26 million
- Loan-to-Value Ratio: 70%
A client was introduced to Hectocorn via a private bank in Switzerland, which was unable to assist the client with the purchase of a high-value property in Chelsea, a prime location in southwest London. The average price of sold properties in London in the last 12 months was just under £1.3 million, according to Zoopla data, so financing a £26 million property offered unique challenges and requirements.
Most private banks don’t want clients to move assets under management (AUMs) to another private bank as part of a property purchase. So the bank introduced the client to Hectocorn to broker a dry lending agreement, which provides a high-value mortgage without the conditional agreement of AUMs.
This approach allowed Hectocorn to help the client, a limited company, find a lender that would consider a high loan-to-value ratio. Our team used our vast network of niche lenders to help the buyer access another private bank that was a perfect fit for their needs and offered highly competitive rates and terms.
The lender conducted a comprehensive assessment of the client’s financial circumstances to confirm their position as an experienced, highly reliable investor. Hectocorn’s team then negotiated a high-value residential mortgage that leveraged their significant income to make lenders comfortable with a high LTV and met the client’s specific requirements.
Hectocorn specialises in securing bespoke financing solutions for ultra-high-net-worth individuals and companies purchasing prime London real estate. Our team of experienced brokers has extensive knowledge of the London property market and maintains strong relationships with private banks and specialist lenders serving the high-value mortgage sector.
We specialise in structuring complex financial arrangements that optimise clients’ borrowing potential. As in this case, we provide end-to-end support throughout the entire mortgage application and property purchase process.
Discover how Hectocorn can help you finance your dream London home by getting in touch.
