- Clients: Self-employed UAE residents
- Property Location: French Riviera, France
- Purchase Price: €1,500,000+
- Mortgage Amount: 100% Loan-to-Value (LTV)
- Assets Under Management (AUM): 30%
- Rate: Competitive Fixed Rate
- Term: 25 years
Enness was introduced to these clients through a recommendation from their solicitor. The clients, both self-employed and residing in the UAE, were seeking to purchase a second home on the French Riviera. Their objective was to acquire a high-value villa for personal use while generating rental income during periods when the property would be unoccupied.
Although the clients preferred a conventional retail mortgage rather than a private banking facility, their self-employed status and UAE residency created significant challenges. French banks can be cautious when lending to international, non-resident borrowers, particularly those without locally based income or tax residency.
Enness successfully secured terms for a specialist mortgage through a ender operating as a hybrid between a traditional retail bank and a private bank. This institution was uniquely positioned to offer 100% financing of the purchase price, with the condition that 30% of the property’s value be placed under management.
This structure provided multiple advantages:
- Flexible underwriting supported by the clients’ investment portfolio
- Competitive fixed rate over a 25-year term
- Potential to offset mortgage costs through investment returns on the AUM
- IFI tax mitigation, as the 100% LTV structure reduced the client’s exposure to France’s wealth tax on real estate (Impôt sur la Fortune Immobilière)
The final arrangement combined a 100% LTV mortgage with a French bank account and a professionally managed, diversified investment portfolio. The result was a comprehensive, strategic financing solution that met both the clients’ lifestyle and investment goals.
If you or your clients are exploring mortgage options in France, high-value French property finance, or cross-border mortgages for UAE residents, Enness can provide access to bespoke solutions and international lenders. Contact us for a discreet discussion about your French property financing requirements.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
