2.25 Million Pound Private Bank Mortgage


My client required a £2.25 million pound private bank mortgage against their main residence which was valued at £4.5 million.

He needed to raise this finance quickly in order to pay off a loan from an offshore company before a recent HRMC rule change resulted in taxes being due.


2.5% over base on a revolving facility basis, which meant no early repayment charges were payable at any time.

The client’s onshore income meant the loan was 13x income. However, the bank were happy to lend based on overall Net Asset Value of the client, although no further charges were made over additional security. Loan rate reduces if client gives the bank other assets to manage.

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