Large Loan Case Study
Stephanie Healey, Specialist Mortgage Consultant at Brightstar, recently arranged a £2,610,000 self-build facility for a high-net-worth client looking to knock down their existing property and build their dream home.
The client, an equity partner at a prestigious City law firm, owned a home valued at £1.5 million. Their goal was to replace it with a bespoke property worth £3.5 million upon completion. Due to the size of the project and the client’s complex income structure, traditional lenders were unable to meet the brief. The client’s affordability relied heavily on profit share, requiring a lender that could accommodate self-employed professionals with non-standard income.
In addition, the client required a large loan at a high loan-to-GDV (75%) with no early repayment charges, which narrowed the lender pool even further. Stephanie sourced a lender experienced in high-value self-builds and self-employed borrowers, securing a deal at 5.99% with no ERCs.
Despite the complexity of the case, the deal completed in just three months – enabling the client to move forward with their build without delay. The funding structure was tailored specifically to suit the client’s needs, demonstrating Brightstar’s expertise in navigating specialist cases in a challenging market.
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