Helping a retired couple with a UK property purchase

Our clients were looking to downsize to a smaller property and had found the perfect one at an attractive price. They were not, however, ready at that point to sell their current primary residence. Our banking team was able to arrange a loan secured against the investment portfolio we manage within a matter of days.



Our portfolio management clients, a retired couple, wanted to move out of London to be nearer their children and grandchildren. They were looking to purchase a property for £2 million and sell their London property, which was valued at approximately £4 million. The clients were introduced to Cazenove Capital’s banking team, who helped them consider their available options.  Their initial thought was to either liquidate part of their investment portfolio or to apply for a conventional mortgage.

Key need

The clients needed to be in a position to move quickly to secure the property. They were concerned about the time delay involved in selling their existing property to fund the purchase and were also reluctant to liquidate their investments which would have generated a capital gains tax liability and result in an investment opportunity cost.

Our solution

Given our existing relationship with the clients and our deep understanding of their circumstances, we arranged a loan secured against their discretionary portfolio within a matter of days, allowing the clients to proceed with their offer. While a more conventional property mortgage or a bridging loan were considered, a loan secured against the discretionary portfolio was quicker to arrange and removed any loan-related legal and valuation costs. It also achieved the clients’ principal aim of moving to their new home in their own time, allowing them to do some work to their new property before the move and the subsequent sale of the London property. Without any pressure  to sell quickly, their London property was sold for the full asking price. Finally, the clients’ long-term investment plans were not disrupted as no investment sales were needed to fund. Once the London property was sold, the loan was repaid in full, with the clients suffering no prepayment penalty.


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This strategy was based on our understanding of prevailing tax legislation at the time and should be reviewed on a regular basis in light of changes in legislation and personal circumstances.

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.

This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

All data contained within this document is sourced from Cazenove Capital unless otherwise stated.


The value of your investments and the income received from them can fall as well as rise. You may not get back the amount you invested.