Key Details:
- Client Type: UK National and Resident
- Property Value: Circa £3 million
- Loan Amount: Circa £2.25 million
- Loan-to-Value: 75%
Our clients were experienced commercial landlords with a long track record of business success. With their existing mortgage approaching expiry, they needed to refinance within a short timeframe to avoid penalty fees. At the same time, they wished to maximise borrowing against their circa £3 million property, releasing additional capital to reinvest strategically. The refinancing would provide financial stability while supporting the clients’ future growth plans.
This refinancing presented multiple challenges. The property was legally owned in the clients’ personal names but occupied by a trading company without a formal lease agreement in place. Additionally, the building was partly let under short rolling tenancies, creating limited certainty of tenant retention. A historic overage clause introduced further legal complexity, as solicitors faced delays in tracing the beneficiary, which complicated progress during the refinancing process.
Enness identified a lender willing to take a pragmatic view of the property’s ownership and tenancy structure. By demonstrating the clients’ experience as landlords and providing evidence of demand from prospective tenants, we overcame the lender’s concerns about short leases. The result was a circa £2.25 million commercial remortgage at 75% LTV, structured on a five-year fixed interest-only basis. This solution provided stability and delivered the additional capital required.
Enness is highly experienced in securing commercial property finance for clients with complex ownership arrangements or non-standard tenancy structures. Where traditional lenders may be cautious, we use our network of over 500 global lenders to deliver bespoke solutions that align with each client’s goals.
For business owners seeking refinancing, growth capital, or funding secured against property, Enness offers:
- Expertise in complex commercial remortgages
- Tailored solutions for unique ownership and lease structures
- Negotiated terms designed around long-term objectives
If you require a commercial remortgage in the UK or are exploring property-backed business finance, Enness is ideally positioned to deliver an efficient and effective solution. Contact us today to discuss your objectives.
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.
