A £7,500,000 Refinance Deal & A Caribbean Purchase

Chris Evans

Caribbean beach scene

£7,500,000 Refinance Deal

A James Evans client recently came to the end of their mortgage deal with a private bank and did not want to renew. James Evans sought alternative deals, despite the fact that the client’s income was difficult to prove – the majority being made up from family gifts paid in a foreign currency.

The client, a UK resident with non-domiciled status, owns their principal private residence personally. At James Evans, we were able to:

  • source a like for like refinance deal of £7,500,000
  • reduce the interest rate to 1.65% with a zero bank arrangement fee – from the original facility rate of 3% and 1% bank fee
  • obtain a 5 year interest only term
  • obtain a deal with no initial assets under management (AUM) fees, albeit offshore accounts were opened for future use.

Purchase in Caribbean for UK Media Client

A client from a film and media background wanted to purchase a home in the Caribbean. The client had only been trading as a limited company for 9 months, but wanted to purchase the property for $5M USD at 80% loan-to-value (LTV).

Using our presence and reputation in the market, we negotiated terms and borrowing based on current company management information and the value of signed contracts.

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