£2.4m mortgage brief for a larger London home

The borrower’s brief

A buyer is considering a £4 million London home with a proposed £2.4 million mortgage and £1.6 million towards the price. Their resources include salary, investments and business interests. They want to understand the effect of the purchase on their remaining liquidity.

The question behind the loan

A balance sheet can contain substantial wealth without showing the cash available for regular payments. The assessment needs to distinguish accessible funds, restricted or illiquid assets and any proposed repayment strategy. Ownership and tax questions should be resolved with the relevant advisers.

Information to bring together

• Income evidence, existing borrowing and recurring household commitments.
• A clear schedule of assets, liabilities and the source of the price contribution.
• The proposed repayment method and evidence supporting any repayment strategy.
• Purchase costs, retained liquidity, property condition and valuation.

Where the assessment goes next

Prepare a complete borrowing brief before comparing possible structures. The amount of wealth, the address or a low illustrative ratio does not establish eligibility or replace affordability checks. The next step is an individual assessment, with no private-bank access, rate or lending decision promised.

Discuss your own circumstances

A similar loan amount or property type does not mean the same finance is available. Income, commitments, credit history, the property and current terms need an individual assessment. Tell Jack what you want to achieve and any part of the plan that remains uncertain.

Start a conversation about your own brief ↗