The client, a high-net-worth (HNW) couple, required a substantial loan at speed to secure the purchase of a new home. Their wealth was primarily held in illiquid assets, making traditional mortgage financing more complex. They engaged a specialist broker with extensive experience in handling complex financial structures, ensuring a streamlined process. annabel was already acting as the client’s financial PA/manager, so was given the authority to liaise directly with the broker and share all relevant documentation securely.

While the loan application process followed a standard mortgage structure, the client’s intricate financial situation posed several challenges. Their wealth was diversified across investments, overseas businesses, pensions, and insurance policies, requiring detailed financial disclosures. Additionally, the lending bank demanded precise records of income, expenditure, and potential future tax liabilities. The process also involved updating their life insurance policy and securing proof of buildings insurance before loan approval. The time-sensitive nature of the purchase added to the complexity, necessitating swift yet thorough documentation and decision-making.

Leveraging her ongoing financial management role, the annabel consultant ensured that all necessary documentation was meticulously prepared and updated. This included:

✓ Monthly updates on income, expenditure, and forecasting.
✓ A regularly updated schedule of investments.
✓ Comprehensive records of pensions, insurance policies, employment history, and tax returns.
✓ Coordination with their accountant to estimate future tax liabilities.
✓ Engagement with Spanish legal advisors for required confirmations.

Each lending option was carefully assessed by integrating the terms into their financial forecast model, enabling an informed decision about the most suitable loan structure.

A number of steps were undertaken to facilitate the mortgage application:

1. Certified ID documentation was processed as per standard mortgage procedures.
2. A detailed financial package was compiled and shared securely with the broker.
3. Expenditure details were collated to meet lender requirements.
4. A life insurance policy update was arranged to align with the lender’s stipulations.
5. Proof of buildings insurance was secured before loan confirmation.
6. Three differing loan offers were evaluated using financial forecasting to determine the best fit.

Following the mortgage approval, the clients pursued an additional loan, requiring:

7. Transfer of individually held share assets to the custody of the lending bank.
8. Coordination with a guarantor and legal professionals to meet compliance standards.
9. A due diligence process similar to the mortgage application to secure approval.

Through meticulous preparation and collaboration, the clients successfully secured their mortgage and additional financing within the required timeframe enabling them to purchase their new home without delay.