Specialist debt advisor Arc & Co. has arranged a new £4 million mortgage from a UK-based Swedish private bank to finance the purchase of a family home in Notting Hill, London on behalf of a private client.
The property was acquired for £5.25 million, with the interest only mortgage provided at 76% LTV, with the mortgage structured with an offset facility to allow the clients to utilise funds released from share schemes. The clients also owned multi-jurisdictional assets, with a complex income structure related to share options.
The home is situated on Westbourne Grove, one of the area’s most desirable streets, and offers four bedrooms across ground, lower ground first and second floors, as well as a sizeable private garden, office and self-contained studio room.
Gareth Briggs, head of UK residential mortgages at Arc & Co., said: “The specific circumstances of this mortgage demanded a high degree of trust between all parties. The private bank’s relationship banking model means it had the flexibility and insight to understand the client’s more complex financial requirements.
The Arc & Co. Group is a specialist asset finance advisory company based in Fitzrovia, London and operating across the UK, Europe and Asia. Its three divisions – real estate, marine and aviation – allow it to provide specialist advice across a range of financing solutions, including senior debt, equity, leasing and mortgages.