- Client: Expat clients based in the UK
- Challenge: Self-employed income volatility and a high 95% LTV requirement near the £1M purchase level
- Loan Amount: Circa £850k mortgage at 95% LTV
UK-based expat clients approached Enness seeking a 95% LTV residential mortgage, structured for self-employed applicants, to support the purchase of a property near the £1M level. Both applicants were self-employed professionals whose income had increased significantly in the most recent trading year. Their objective was to secure a high loan-to-value structure that would allow them to proceed while preserving liquidity within their wider financial position.
The primary complexity related to the applicants' income profile. Their most recent accounts showed a substantial increase in profit compared with the previous year, meaning many lenders would average income across both years and reduce borrowing capacity. At the same time, securing lending at 95% LTV near the £1M level significantly limited lender availability, particularly where applicants were self-employed and had international elements within the application.
Enness introduced a specialist lender willing to assess affordability using the most recent year's accounts rather than applying a standard averaging approach. This enabled the clients to proceed at the required leverage level without restructuring their plans or injecting additional capital. The facility remained structured at 95% LTV and aligned with the original objective of maximising borrowing efficiency.
This case demonstrates how specialist lenders can support self-employed applicants with rapidly improving income profiles where conventional underwriting approaches may restrict borrowing levels. By structuring a solution at 95% LTV near the £1M purchase level, Enness enabled the clients to secure their home while preserving flexibility within their broader financial strategy.
Disclaimer
This case study is anonymised and provided for illustrative purposes only. It does not constitute financial, legal, tax or investment advice. Enness acts as a broker and not as a lender. All lending is subject to status, underwriting, valuation and lender approval. Loan terms, pricing and maximum loan-to-value ratios vary depending on individual circumstances, asset profile and market conditions. Outcomes are not indicative of future results. Independent professional advice should be sought before entering into any financial arrangement.
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.
