Case Study: Interest-Only Remortgage with No Current Income for Former Investment Banker

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

Client Profile

A former investment banker, now focused on early-stage private investments wishing to remortgage his prime central London residence. With a net asset value exceeding £10 million, the client was in the mid-stage of building his portfolio and had no regular income, as his capital was tied up in long-term venture holdings.

The Challenge

The client required a five-year, fixed-rate, interest-only remortgage to release funds for lifestyle purposes while awaiting anticipated investment exits. With no salary or ongoing income, traditional affordability assessments proved unsuitable. The mortgage would ultimately be repaid through the sale of the property.

The Solution

A Private Office lending partner familiar with asset-rich clients, they were able to structure a mortgage solution outside conventional income-based lending. The lender used a High-Net-Worth Waiver to assess the client’s wider financial position, including vesting stock, liquid cash reserves, and expected realisations from his venture portfolio.

To further mitigate risk, the lender held the total interest payable over the five-year term on deposit from day one. This approach provided full interest cover and enabled the remortgage to proceed despite the absence of income.

Result

The client unlocked the capital required to maintain their lifestyle without needing to liquidate long-term investments prematurely. This case demonstrates how Private Office lending partners structure intelligent, asset-led solutions for clients navigating career transitions or liquidity planning periods.

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.