Global Finance Partners has secured a £7.125m interest-only loan for the purchase of a £9.5m apartment in South Kensington, London.
The loan was provided by a UK private bank, covering 75% of the property’s value.
The ultra-high-net-worth (UHNW) client, a Turkish national with no conventional income, had a strong investment portfolio that supported the affordability assessment.
Initially, the mortgage was offered at 1.14% plus the Bank of England (BoE) base rate, but it was renegotiated to 0.86% plus the BoE base rate, saving the client 0.28%.
Serkan Osman, director at Global Finance Partners, said: “This deal demonstrates the importance of working with an experienced brokerage like Global Finance Partners.
“We understand the complex needs of HNW and UHNW clients. We specialise in navigating the complex requirements. Our clients value discretion, precision, and results.
“We’re proud to lead the market in supporting Turkish clients investing into London, and we remain committed to facilitating international capital flows into one the world’s most dynamic and resilient cities.”
