£550,000 remortgage for IT consultant partly paid with RSU income to raise capital for staircasing

Our client worked as an IT consultant for a large American firm in London. He bought his flat in London five years ago using shared ownership. The property is now worth £750,000, and as he was earning more money, he wanted to pay off the shared ownership scheme and get a standard mortgage. 

Did he have a complex situation?

Our client asked for help to raise capital via a remortgage on his London flat to staircase to 100% ownership of the property. The key challenge was structuring the mortgage in the most cost-effective way while navigating a complex income profile.

How was he paid?

His income included Restricted Stock Units (RSUs), which many lenders either restrict heavily or apply conservative 'haircuts', meaning they would use only a percentage of the income for affordability purposes. Several lenders that were prepared to consider RSU income were offering less competitive interest rates at the time. The total required mortgage was £550,000, including a £450,000 capital raise.

Our approach

We carried out a detailed affordability assessment, modelling outcomes both with and without RSU income across a wide range of lenders. After cross-checking lending criteria, income multiples, and live rates, we identified that:

• One large bank offered a generous income multiple, allowing our client to qualify without relying on RSU income.
• The bank was offering a more competitive interest rate than lenders who were factoring in RSUs.
• This approach reduced complexity, improved lender confidence, and delivered a cleaner underwriting position.

Outcome

• Lender: Mortgage secured through a big high street bank
• Mortgage amount: £550,000
• Loan purpose: Capital raise to staircase to 100% ownership
• Property value: £750,000

By avoiding the need to use RSU income, we secured a simpler, more robust mortgage application with a better rate, saving our client money over the fixed term while enabling him to complete his staircasing plans.

Was the client happy with our service and the mortgage? 

Yes. He was happy with the successful staircasing to full ownership at a competitive interest rate, with reduced underwriting risk, and with our clear, strategic advice tailored to a complex income structure.

Lending solutions with Trinity Financial

Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances. Our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

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