Problem
- High-net-worth individuals (HNWIs) with substantial assets and a profitable family business
- Owners of a Grade I and II listed historic period property dating back several centuries
- Seeking capital raise for future property developments but struggling to secure financing due to the unique nature of the property
- The property had undergone significant refurbishment over the years the clients had owned it
- Traditional lenders struggled to place a mortgage due to the property's highly unique historical status and location
- Conventional high-street lenders and even some specialist mortgage providers were unable to assist
Solution
Recognising that a traditional mortgage would not be viable, we leveraged relationships within the private banking sector. We took a holistic approach, structuring a bespoke financing solution that factored in the clients' entire wealth profile — including assets, investments, and business performance — rather than relying solely on the property as security.
The property, whilst magnificent, was going to pose a problem using a 'dry' lend. We approached private banking contacts to broach the problem from a different angle, using more than just the property as security.
Outcome
- Secured a 60% mortgage against the historic property, unlocking almost £3M in capital
- Private bank considered the client's overall wealth, company turnover, and experience in heritage property development
- Structured the mortgage in a way that facilitated future restoration projects and enhanced long-term investment potential
Key Lesson
Heritage property rarely fits high-street criteria — the lending decision turns on how the asset and the borrower’s wider wealth are presented. Private banking suited this case; the right route always follows the structure of the assets.
Explore this type of finance
Private bank mortgages · High net worth mortgages
More case studies
£2.4m London refinance & purchase · Dream home completion · International portfolio refinance