Key Details
- Client: French/Spanish Nationals
- Property Value: Above EUR 2M
- Loan Amount: Circa EUR 1M
In this case, Enness was approached by an EU-based private bank representing their long-standing clients. The clients, based in Europe, wanted to release equity from a Portuguese property that was not their primary residence. Over the course of their two highly successful careers, the couple had amassed considerable personal wealth, which was spread across multiple properties and global investments.
The challenge in this case was that we were working with multiple jurisdictions, which the lender had to be comfortable with as well. The client needed to work with a broker and lender who understood the complex, cross-border nature of the enquiry.
After analysis, Enness successfully negotiated terms for an equity release with a lender who was comfortable with the client's global footprint. The process progressed smoothly from the initial conversation through the application process to loan completion. The clients were extremely proficient in all document requests, which always helped to speed up the process.
Enness has access to over 500 Lenders and can present the best possible terms to our clients. We have a global presence that allows us to understand the needs of multi-jurisdictional clients. Contact us today to see if we can achieve similar for you.
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.
