Case Study: £5.1m Mortgage for Private Equity MD with liquid Assets and Multi-Source Income

Explore how lending partners of Fitch & Fitch Private Office have supported high-net-worth clients with bespoke mortgage finance.

Client Profile

A senior executive in the private equity sector recently returned to the market following a period of career transition. With a significant portion of his wealth tied up in fund commitments, private investments, and international assets, the client sought to purchase a landmark rural estate for long-term family use.

The Property

The estate comprised a main residence, cottage, coach house, and multiple outbuildings set within five acres, alongside an additional plot of parkland — acquired at a material discount due to the vendor’s urgency. The total purchase price was £6 million, secured across five separate freehold titles. The main residence required non-structural refurbishment, and valuation was complicated by the mixed nature of the security and land.

The Challenge

The client’s liquidity was constrained due to recent refurbishments, EIS investments, and capital commitments. His intended contribution relied on the sale of three buy-to-let properties and an expected carry distribution. His income included a discretionary cash bonus, carried interest, unvested equity, and rental income — much of it denominated in foreign currency and subject to both market volatility and vesting risk. Affordability assessment was further complicated by his limited track record at the new firm.

The Solution

A lending partner structured a £5,148,000 facility, split across two tranches with a combined 86% loan-to-value: 

90% LTV regulated mortgage covering the main house, cottage, coach house, and outbuildings
50% LTV non-regulated loan secured against the parkland

The main property loan was interest-only on a 10-year term, while the land loan was fully amortising over five years. Both tranches were provided on a variable rate basis to preserve flexibility. Upon completion of renovation works, the overall LTV is expected to reduce to 66% based on the gross development value.

Result

The client completed the purchase with confidence, retaining sufficient liquidity for his wider investment obligations and personal financial strategy. This case exemplifies how Private Office lending partners deliver bespoke, multi-part lending solutions for clients with intricate income, illiquidity, and diverse security requirements.

Disclaimer

Important information

Your home may be repossessed if you do not keep up repayments on your mortgage.

The case studies featured represent real scenarios supported by our Private Office lending partners. Some details have been amended to preserve client confidentiality.

Mortgages are subject to status, eligibility, and lending criteria. Residential finance solutions are available for properties in England and Wales and are primarily available to UK residents.

Case Study: £5.1m Mortgage for Private Equity MD with liquid Assets and Multi-Source Income