Key Deal Highlights
- £5 million residential property in Central London
- 80% loan-to-value on a personal residential purchase
- Sharia-compliant home purchase plan (not a traditional mortgage)
- No UK income, no sterling earnings, no UK credit history
- No guarantor or parental involvement on title or finance
- No requirement to place assets under management with lender
Hectocorn was mandated by a high-ranking member of a Middle Eastern royal family who was purchasing a prime residential property in Central London for his daughters. The £5 million property was to be a gift — owned personally by his daughters, who had no income of their own, no UK residency, and no local credit footprint.
The client required an 80% loan-to-value facility structured as a Sharia-compliant home purchase plan, a financing route that presents unique challenges, particularly when the borrower is not generating income and the funding is for residential use. In this case, the income used to support affordability was coming solely from the father — a high-net-worth individual based in the Middle East — but he specifically requested not to be listed as a guarantor and did not want to appear on the title or the financing agreement.
This created a highly complex set of criteria:
- No verifiable UK income in the borrower’s name
- No income in sterling
- No UK credit file or property ownership history
- No assets under management with the lender
- No guarantees from the benefactor
Despite these constraints, Hectocorn arranged a highly competitive 80% LTV Shariah-compliant home purchase plan from a specialist lender comfortable working with royal family clients, cross-border wealth structures, and non-resident profiles.
We worked closely with both the client’s legal and private advisory teams to ensure all documentation — including income proof from the Middle East, gift declarations, and Islamic finance structuring — aligned with UK regulatory standards and the lender’s underwriting criteria.
This facility allowed the client’s daughters to acquire the £5 million Central London home in their personal names, without requiring a personal guarantee from their father and without placing assets under management with the lender — a common requirement in ultra-high-net-worth lending scenarios.
This case is a strong example of how Hectocorn delivers bespoke, discreet financing solutions tailored to family office and royal family clients, where wealth may be substantial, but privacy, religious compliance, and structuring sensitivity are paramount.
Arrange a Bespoke Shariah-Compliant Home Financing Solution for Prime London Residences
Frequently Asked Questions
Yes, though it is highly specialised. In this case, we worked with a lender willing to assess affordability based on indirect income and family wealth, without requiring formal guarantees or a credit record in the UK.
It’s an alternative to interest-bearing mortgages where the lender and client purchase the property jointly, and the client gradually buys out the lender’s share while paying rent on it. It’s fully compliant with Islamic finance principles.
While most Sharia-compliant lenders prefer lower LTVs (60–70%), we secured an 80% facility due to the strength of the client profile, asset location, and strategic structuring — even without income in the UK.
Yes. We managed the full structuring of this gift and ensured all documentation satisfied both legal and lender compliance requirements, without the father needing to be on the mortgage or the deeds.
Absolutely. We have extensive experience working with ultra-high-net-worth clients, including royal family members and international family offices, where discretion, structuring, and alignment with cultural or religious values are critical.