Bespoke Lending
With more than three centuries’ lending experience, we are pleased to support your clients through every stage of life with flexible, bespoke arrangements.
A personal approach to lending
Short, medium and long-term facilities are available on fixed or variable interest rates and in multiple currencies. We lend on an interest-only basis as, rather than imposing rigid repayment schedules, we will work with your clients to agree personally tailored lending structures. Interest roll-up may also be available.
Speed and flexibility
We know how important it is to move quickly when an opportunity arises and our independence and short lines of approval enable us to make rapid decisions.
Our relationship managers will work with you to determine the best arrangement for your client. All borrowing is assessed on a case-by-case basis. We take full account of all cashflows (capital and income) and are prepared to consider complex or non-standard security arrangements.
Eligibility
We seek to build close, lasting relationships underpinned by Hoare family values of honesty, empathy, excellence and social responsibility. We enjoy working with individuals and families who share our values, and are pleased to work with their businesses too.
Typically, our customers are based in, or have strong ties to, the UK, with wealth of £10 million or more. We generally expect new customers to borrow at least £1 million.
What makes borrowing from C. Hoare & Co. different?
- We lend to individuals, companies and trusts.
- Affordability is assessed on income and assets.
- We offer bespoke terms for fixed rates.
- We can arrange loans combining fixed and variable rates.
- We offer residential and commercial mortgages.
- We are happy to consider revolving loans, allowing customers to withdraw and repay as they choose.
- There is no maximum age for borrowers.
Case Studies
A prospective customer was looking for £7.5 million to help with the purchase of their new home in central London. They had agreed a purchase price of £15 million and a completion date in 12 months' time. (Delayed completion would allow time for the sale of land assets to support the purchase.)
Repayment would be funded by the sale of further assets held in trust and comprising real estate, investments and art.
Our flexible approach to repayment meant we were able to offer a five-year facility at 50% LTV, secured against the customer’s new primary residence and guaranteed by the trust. They were relieved to find a lender willing to take into account present and future assets and, as always, we enjoyed crafting a bespoke facility.
A customer of the bank – the founder of a highly successful online sales company – wished to raise a loan against his principal private residence in London. The property was undergoing significant renovation and funds were needed to complete final works.
With deep understanding of his needs and circumstances, we were pleased to provide a variable facility he could draw down in tranches as building invoices were presented.
The customer is looking to realise capital from his business in the near-to-medium term, and we were happy to offer a two-year facility, aligned to the next possible share sale. If the share sale should be delayed, the customer, who stands to make an eight-figure sum on the eventual IPO of his ‘unicorn’ company, will have the option to refinance with the bank – an illustration of our ability to take into account future prospects as well as current needs.
We were approached by an entrepreneurial family who, as part of succession and inheritance tax planning, wanted to consolidate property assets in a newly established family investment company. £5 million was needed to refinance existing debt in a partnership, to repay inter-company loans, and to provide liquidity for further investments in property.
A portfolio of mixed commercial and residential assets in the Home Counties, valued at £10.5 million, was accepted as security for the loan, and we were happy to arrange a revolving facility. This means the customer can use rental income to pay down borrowing when there is a surplus of cash, while retaining the flexibility to act, effectively, as a cash buyer when opportunities arise.
We provided an interest-only revolving loan of £5 million (48% LTV) with no repayment penalties, that can be drawn and re-drawn as many times as required over the three-year term.
Given the flexibility and ‘ideal fit’ of this arrangement, the customer was happy to pay our annual commitment fee. Our ability to understand the bigger picture in regard to consolidation of assets was greatly appreciated, while our ability to offer a revolving loan set us apart from other lenders.
To ensure you connect with the right expert, please see our list of key contacts.
