- Client: South London business owner
- Challenge: Consolidating multiple high-cost business loans where existing first and second charges limited mainstream refinancing options
- Loan Amount: Circa £300,000 third-charge secured facility
A South London business owner approached Enness Global seeking to consolidate a number of high-cost, short-term business loans that were placing significant pressure on both personal finances and business cash flow. The client's primary residence was already subject to first and second charges, leaving limited refinancing options through conventional lenders.
The transaction presented several challenges. Most mainstream lenders were unwilling to consider additional secured borrowing due to the existing charge structure, while the fragmented debt profile resulted in high monthly repayments that were restricting liquidity and reducing financial flexibility. The client required a solution that could consolidate the existing facilities into a more manageable structure while supporting the ongoing funding requirements of the business.
Enness Global introduced a specialist lender experienced in complex secured lending and structured a circa £300,000 third-charge facility. The proposed solution consolidated the existing borrowing into a single facility, helping to reduce monthly repayment commitments and improve cash flow while providing the client with greater financial flexibility through a more manageable funding structure.
This case demonstrates how specialist secured lending can provide refinancing solutions where conventional lenders may have limited appetite. By leveraging specialist lender relationships, Enness Global was able to structure a facility aligned with the client's funding requirements and wider financial circumstances.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability and lender criteria. Loan amounts, lending structures and outcomes are indicative only and may vary depending on individual circumstances. Enness Global acts as a credit broker and not as a lender.
Risk Warning
Your property may be repossessed if you do not keep up repayments on your mortgage or any debt secured against it.
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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.
