- Client: CIS national and resident
- Property: Flat in London
- Property value: £8.5M
- Loan amount: £5.525M
- LTV: 65%
- Rate: 1.05% per month
Enness was approached by a CIS national and resident looking to refinance a prime residential property in London. Valued at £8.5M, the property required a new facility of £5.525M, representing a 65% loan-to-value.
The client’s residency and nationality meant that the refinancing required a more specialist approach. While international investors are an established part of the UK property market, lending to borrowers from CIS jurisdictions can require additional consideration around lender appetite and the wider circumstances of the transaction.
Rather than limiting the search to mainstream lenders, Enness approached a selection of banks and specialist finance providers with experience in international property lending. The aim was to create genuine competition and identify a lender that was comfortable with both the property and the client’s profile.
Following negotiations, Enness secured the required £5.525M facility at a rate of 1.05% per month. This provided the client with a refinancing solution against the £8.5M London property at the required 65% LTV.
The case highlights the importance of lender selection when arranging finance for international borrowers. A client’s nationality and country of residence can significantly affect lender appetite, particularly when the financing involves a high-value property and a substantial loan.
Enness works with international borrowers seeking complex mortgage finance and has experience structuring solutions for clients purchasing or refinancing UK property. By understanding the individual circumstances of each application, we can identify lenders with the appropriate appetite and negotiate terms around the client’s requirements.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, underwriting, valuation, due diligence and lender criteria. Borrowing against property carries risk, and failure to meet repayment obligations may put secured assets, including property, at risk.
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.
