- Approximately £470,000 refinance
- Circa 75% loan-to-value
- Specialist lender approach to unit size and block exposure
Clients operating through a UK Limited Company approached Enness Global after being let down by a previous broker and lender. The clients owned a block of leasehold flats in the UK, with the freehold retained in their personal names and the leasehold titles held within the company. Their objective was to refinance the portfolio at approximately 75% loan-to-value, raising circa £470,000 to restructure existing borrowing and improve liquidity.
The transaction presented multiple challenges.. Some units fell below standard lender size thresholds, and concentration within a single building required careful lender selection. The clients also wished to proceed using title indemnity insurance to avoid the cost and delay associated with full searches across multiple leasehold titles.
We identified a specialist lender prepared to take a holistic view of the block, rather than assessing each unit individually. The lender adopted a pragmatic valuation methodology and was comfortable advancing approximately 75% loan-to-value against the circa £620,000 block valuation. They were also willing to proceed using title indemnity, significantly reducing legal costs and expediting completion.
The refinancing completed successfully, enabling the clients to achieve their liquidity objectives after previous setbacks.
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.
