If you are a high-net-worth or ultra-high-net-worth individual your property and financial situations can be complex. 177 Mortgages is more than just a fee-free mortgage specialist. We can also assist in large specialist finance arrangements and have built strong relationships with private banks and other financial institutions.
So, if you have the need for large loans to complete complex finance transactions working with a specialist mortgage broker can help you. Take a look at how we recently helped a high-net-worth client to secure a large loan for some business acquisitions.
Client: Mr. X is a successful businessman with a diversified investment portfolio and a large residential property. He had several investments that were generating higher returns than the low-interest rates that were available for borrowers.
Scenario: Mr.X was presented with an opportunity to purchase a number of businesses. He was interested in using his main residence as leverage to acquire the additional businesses, but he needed to be liquid to do so. He approached 177 Mortgages to help him find the best deal.
Challenge: Mr. X wanted to obtain a £12m loan against his main residence. He needed a lender who could provide a low-interest rate. But because of the nature of the business opportunities, he needed a quick and efficient turnaround on any finance solution.
Solution: Mr. X worked with a specialist lending expert at 177 Mortgages who analysed his financial situation. We then used our strong relationships with private banks to quickly gather several funding options. These were presented to him and Mr.X was able to select a product from a private bank that we had an existing relationship with. The lender was willing to provide a £12m loan at a fantastic rate secured against his residential property.
The specialist lending team at 177 Mortgages worked closely with the lender to ensure a smooth and timely transaction. They provided guidance and support throughout the process, ensuring that Mr. X had access to the liquidity he needed, without needing to compromise his investments.
Outcome: Thanks to the efforts of 177 Mortgages, Mr. X was able to obtain a £12m loan at an interest rate lower than the return on his investments. The deal was agreed upon and executed in a very short timescale, providing Mr. X with the liquidity he needed to pursue his business acquisitions.
Using 177 Mortgages to complete complex and large loans is fee-free. Using our strong relationships with private banks and financial institutions will allow us to find the right lender for you. If you’re looking for advice on a large loan or complex specialist finance, get in touch with us today.