- Net Worth: Above £10 million
- Mortgage: Circa £4 million
Enness was approached by a high-net-worth client looking to purchase a new family home in the UK. The client had built significant wealth through private businesses, meaning a substantial proportion of their net worth was tied up in assets that could not easily be converted into cash.
The client had a strong income, but the mortgage needed to accommodate all of their existing commitments alongside the new property purchase and any associated costs. At the same time, their limited liquidity presented a challenge when looking for a lender willing to provide the required level of borrowing.
Finding a lender prepared to assess the client on the strength of their overall financial position, rather than focusing solely on readily available cash, was therefore important. Enness reviewed the client's income, assets and wider circumstances before approaching a lender with the appropriate appetite.
Using our relationship with a suitable lender, Enness negotiated a residential mortgage structured around the client's requirements. The facility was linked to Bank of England Base Rate, allowing the client to benefit if the base rate subsequently fell, while also meeting their other requirements for the mortgage.
The result was a financing structure that allowed the client to proceed with their new family home without needing to liquidate their interests in private businesses. It also provided a degree of flexibility around future interest rate movements, which was an important consideration for the client.
This case demonstrates how the balance between income, wealth and liquidity can be particularly important when arranging substantial mortgages for high-net-worth individuals. A client may have significant overall wealth without holding the majority of it in immediately accessible assets, making lender selection and the presentation of the wider financial position critical.
Enness works with private banks and specialist lenders to structure million-pound mortgages around complex financial circumstances. If you are looking to finance a high-value UK property while retaining your interests in private businesses or other long-term assets, speak to a mortgage specialist to discuss your options.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, underwriting, affordability assessment and lender criteria. Terms and availability will vary depending on individual circumstances and the proposed transaction.
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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.
