High Value Mortgage for an LLP Partner with Overseas Income
The situation?
An LLP partner at an international law firm had spent the previous five years on overseas secondment and was preparing to return permanently to the UK with the same firm. Ahead of relocating, the client and their spouse wanted to purchase a new main residence in the Home Counties for £2,000,000 and required £1,500,000 in lending.
Despite the agreed return to the UK, remuneration remained structured through the overseas entity, creating a cross-border income profile at the point the mortgage was required. The objective was to secure the mortgage in advance so the family could move directly into their new home on arrival rather than renting temporarily.
The issue?
Although the client’s overall financial position was strong, the structure of income and extended period spent overseas created challenges from an underwriting perspective. Income was not being paid in sterling and there was limited recent UK credit history following five years abroad. The application also involved LLP partner income rather than salaried employment, a high loan size at 75% LTV, and a requirement for full interest only borrowing.
For many lenders, this combination would fall outside standard criteria. Overseas income, currency considerations, partnership remuneration structures and the absence of recent UK credit activity meant the case required careful positioning to ensure affordability, income sustainability and overall risk were correctly understood.
The process?
The case was assessed using a partnership-led approach rather than a conventional employed income model. The client’s LLP status, overseas earnings history and expected UK income on return were analysed in detail, alongside the wider asset position and investment portfolio to support the proposed interest only strategy.
We identified a lender willing to accept an overseas credit reference, alongside formal confirmation of continued employment and the planned return to the UK. By positioning the case around long-term income continuity within the same partnership, and by presenting it directly to the appropriate underwriting team, we moved the application away from specialist funding and into the high street market. This allowed the mortgage to be structured on a full interest only basis, giving the flexibility the client required.
The Solution?
A high street lender approved the full borrowing at 75% LTV on a market leading two year fixed rate, structured on a full interest only basis. The interest only strategy was supported by the client’s established investment portfolio as the repayment vehicle.
This outcome allowed the family to secure a highly competitive mortgage before returning to the UK and move straight into their new home without the cost or uncertainty of renting. Despite the complexity created by overseas income, currency differences and limited recent UK credit history, the mortgage was approved quickly and on strong commercial terms. The client was extremely pleased with both the speed of the outcome and the flexibility of the solution.
The case demonstrates LDN’s expertise in arranging high value mortgages for LLP partners and senior professionals with international income profiles, particularly where overseas remuneration, currency and credit history would otherwise limit access to high street lending.