- Approximately £1,000,000 refinance
- Circa 51% loan-to-value
- International client and holiday home mortgage
A West African national and resident with a substantial commercial property portfolio in West Africa approached Enness Global to refinance an existing bridging loan secured against a prime London apartment. The client uses the property as a holiday home when visiting the UK, where family members are based. The property was valued at approximately £ 2million, with borrowing of circa£ 1 million .
The timing was critical. The existing bridging facility was expensive and due to expire at the end of April. The client had already been let down by another lender at onboarding stage, creating significant pressure to secure a new structure quickly and avoid unnecessary costs or refinancing risk. As a non-UK resident with overseas income, the case required a lender comfortable with international clients, cross-border wealth, and enhanced onboarding requirements. .
Enness conducted a targeted search of lenders with strong appetite for international borrowers and identified a private banking solution through an international private bank.. The facility was structured as a five-year mortgage with a fixed rate for the full term,
providing payment certainty and stability. The loan was arranged on an interest-only basis to preserve liquidity and support the client’s wider investment strategy.
Despite the complexity of nationality, residency, and onboarding requirements, a formal offer was secured within approximately four weeks. The refinance enabled the client to transition away from the bridging facility ahead of maturity, delivering monthly savings of approximately £4,000 , compared with the previous bridging facility. This outcome highlights the importance of specialist structuring, lender relationships, and decisive execution when refinancing time-sensitive international cases.
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.
