Our client was purchasing an apartment in an exclusive new development in prime Mayfair called The Clarges. The client wished to seek an interest-only mortgage with the lowest interest rate available. The client was an ultra-high net worth Dubai resident with an African passport.
IPCA Group worked with the client to understand their income status from both Dubai and Africa and sourced a UK bank that could offer low rates based on the client’s background information. The team successfully negotiated a low-interest rate and a high loan to value.
Our team worked with the client, the bank, the solicitors and the real estate agents to ensure that the client’s purchase of the apartment went smoothly and in a timely manner.
- Exclusive new development in prime Mayfair
- Property value: £8,500,000
- Loan amount: £6,375,000
- 10 year facility
- Interest rate: 1.95% over bank base rate