Key Details:
- £500k non-recourse crypto-backed loan for UK property purchase
- HNW UK client with wealth held primarily in cryptocurrency
- Specialist lender secured despite complex source-of-wealth requirements
The client was an internationally connected individual resident in the UK with an estimated net worth of approximately £4 million, with a significant proportion held in cryptocurrency.
The client required approximately £500,000 to purchase a UK residential property and sought a non-recourse crypto-backed loan.
Historical crypto acquisition records required reconstruction to satisfy source-of-wealth requirements. Not all lenders were comfortable with non-standard documentation.
Enness worked with the client to build a compliant source-of-wealth narrative and identified a lender experienced in crypto underwriting and enhanced due diligence.
Subject to individual circumstances, similar facilities have enabled clients to access property finance without selling cryptocurrency. In this case, the structure supported the client’s purchase while preserving digital asset exposure.
Enness does not give crypto advice or recommendations and you should seek professional advice to discuss your personal circumstances and 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.
