Case Study: 85% LTV Mortgage for Newly Promoted Legal Partner

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

Client Profile

A client who had recently been promoted to Equity Partner at a leading international law firm. Paid in US Dollars and early in their Partner-level earnings, the client was seeking to purchase a four-bedroom home in Chelsea valued at £3.9 million. The client intended to retain their existing property, necessitating a high LTV mortgage to proceed.

The Challenge

As the client had only just begun earning at Partner level, their net asset value (NAV) fell slightly short of traditional thresholds. Many lenders would hesitate to lend at high LTV without several years of historic Partner income. The additional challenge was structuring lending in USD terms and navigating the regulatory complexity of maintaining a second property.

The Solution

Working alongside a Private Office lending partner experienced in complex legal income and FX-linked remuneration, we secured an 85% LTV interest-only mortgage with a 20-year term. The structure included mandatory capital reductions over the first five years, aligned with the client’s forecasted surplus income. The lender took a forward-looking view, recognising the strength of the client’s earning trajectory and career stability.

Result

The client successfully acquired their desired residence without needing to dispose of other assets prematurely. This case illustrates how Private Office lending partners deliver nuanced, career-aware mortgage solutions for legal professionals with rising income and international exposure.

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.