- Client: International client
- Property Value: Circa £11M
- Loan Requirement: Higher LTV mortgage
- Income: Foreign currency denominated
A client with significant international earnings approached Enness seeking finance for the purchase of a prime central London property valued at approximately £11M.
The client’s earnings had increased substantially over time, but their available liquid savings were relatively modest compared with the purchase price. This meant that a higher loan-to-value mortgage structure was required to support the acquisition while taking the client’s wider financial position into account.
The transaction presented several complexities. The client’s income was entirely denominated in a non-sterling currency, meaning the lender needed to be comfortable assessing foreign currency income and the associated exchange rate considerations. The client also wanted the facility structured with full interest-only payments for the first year before transitioning to a repayment structure that would reduce the outstanding capital over the remainder of the term.
In addition, the client wanted the mortgage split across multiple products to provide greater flexibility around overpayments, early repayment charges and the overall product structure. This required a lender willing to take a bespoke approach rather than applying a standard residential mortgage structure.
Enness sourced a lender able to accommodate the client's higher LTV requirement and foreign currency income. The facility was arranged with full interest-only payments during the first year, followed by a blended repayment structure designed to support capital reduction over the remaining term.
The mortgage was also divided across multiple products, giving the client greater flexibility around their repayment strategy and future borrowing requirements. This tailored structure allowed the financing to reflect the client's income profile, liquidity position and longer-term objectives.
This case demonstrates how specialist mortgage structuring can support high-value residential purchases where conventional lending criteria may not fully reflect a client's circumstances. Foreign currency income, higher LTV requirements, interest-only periods and multiple product structures can each introduce additional considerations when arranging finance for prime London property.
Enness specialises in complex mortgage solutions for high-net-worth and ultra-high-net-worth clients, including those with international income and assets. Our access to a broad network of lenders enables us to identify and negotiate bespoke structures where standard mortgage solutions may not be suitable.
During any interest-only period, monthly payments cover interest only and do not reduce the capital balance. Capital repayment remains due at the end of the mortgage term unless repaid earlier or through a suitable repayment strategy.
If you are seeking finance for a high-value London property and have international income or other complex financial circumstances, speak to a mortgage specialist to discuss your requirements.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or currency advice. Finance is subject to status, underwriting, affordability, asset suitability and individual lender criteria.
Risk Warnings:
Your property may be repossessed if you do not keep up repayments on your mortgage.
Where income or assets are denominated in foreign currencies, exchange rate movements may affect affordability and increase borrowing costs.
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.
