Newly Promoted Equity Partner Secures £1.5m Mortgage with Mainstream Lender
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Overview
Our client, a newly promoted equity partner at a US-headquartered law firm, needed to act fast to secure a £2m London property. With no completed tax return in her new role and most lenders demanding two years of partnership income, she initially turned to a private bank — until we found a better solution.
The Challenge
The client faced several hurdles:
No tax return for new role: Most lenders wanted two years’ partnership income evidence.
Tight timeline: She needed to move quickly to secure the property in a competitive market.
Initial private bank offer: She was offered a deal by another broker, but the terms were less favourable.
She needed a lender who understood law firm partnership structures and would work pragmatically to recognise her fixed drawings and projected profit share.
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Our Solution
Using our experience and direct lender relationships, we:
Identified a mainstream lender comfortable with partnership income structures.
Used fixed drawings plus a portion of projected profit share to boost affordability.
Leveraged our contacts at the lender to accelerate underwriting and avoid unnecessary delays.
Secured a deal that outperformed the private bank offer, without requiring additional assets under management.
This approach delivered both speed and value.
The Outcome
We secured a £1.5m mortgage on the £2m purchase, enabling the client to exchange contracts quickly and beat competing buyers. By using a mainstream lender familiar with partnership structures, we achieved better terms than the private bank and avoided the need for onerous conditions.
What We Can Do for You
If you’re a newly promoted equity partner or have a complex income profile, we can help. Our expertise and lender relationships mean we know which banks to approach — and how to move fast when timing matters.
Request your fee free mortgage consultation today. No obligation, just sound advice.
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Kite Mortgages is a trading style of Kite Financial Ltd which is an appointed representative of The Openwork Partnership, a trading style of Openwork Limited which is authorised and regulated by the Financial Conduct Authority.
APPROVED BY THE OPENWORK PARTNERSHIP ON 12/08/2025