Key Details:
- Client: European-based clients
- Property: Prime London freehold residence valued at circa £4.5 million
- Loan Amount: Circa £1.6 million
- Loan to Value: Up to approximately 55%
- Purpose: Equity release to fund extensive renovation works
Clients based in Europe approached Enness Global seeking to release equity from a prime London freehold residence valued at approximately £4.5 million. The property had formed part of their long-term asset base, and they wanted to raise capital to fund extensive renovation works while retaining ownership and preserving flexibility across their wider financial structure.
The clients required circa £1.6 million of funding at a conservative loan-to-value of up to 55%. The proposed facility needed to accommodate international income, provide an interest-only repayment structure, and allow capital to be drawn in stages so that funding could be aligned with the progress of the renovation programme.
The cross-border nature of the transaction presented the main challenge. As non-UK residents, the clients required a lender comfortable assessing offshore income and international financial circumstances. The facility also needed to balance relatively low gearing with sufficient flexibility to fund a substantial refurbishment programme. Staged drawdowns were particularly important, as releasing the full amount at once would not have aligned with the timing of the planned works.
Enness Global sourced a private lender experienced in working with international clients and high-value UK residential property. The resulting equity release facility provided access to circa £1.6 million, with interest-only servicing and staged capital releases structured around the renovation timeline. This allowed the clients to draw funding as required while maintaining a conservative level of borrowing against the property.
The solution enabled the clients to fund the planned renovations without selling the property or disrupting their broader asset strategy. The structure preserved significant equity in the London residence while providing the flexibility required to manage a substantial, phased renovation project.
This case demonstrates how bespoke equity release can provide an effective source of liquidity for international property owners. By combining conservative leverage, interest-only servicing and staged drawdowns, Enness Global was able to structure a solution around the clients’ international circumstances and specific funding requirements.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, asset suitability, jurisdiction and lender criteria. Terms and outcomes will vary depending on individual circumstances and are not guaranteed.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Property values can fall as well as rise, and you may not recover the amount originally invested.
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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.
