Key Details:
- Client Type: High-Net-Worth UK Nationals and Residents
- Property Value: Circa £4M
- Loan Amount: Circa £400K
- Loan-to-Value: 85%
Our clients are highly successful UK entrepreneurs who have recently purchased a circa £4 million family home in Central London. With planning permission already secured, they intended to fully renovate the property and build a substantial rear extension. The redevelopment project would significantly increase the property’s long-term value and create a bespoke family home that reflected their lifestyle and future needs. To move forward, they required flexible property finance to fund the renovation and extension works.
Although the clients had an existing mortgage with a well-known UK bank, they encountered a significant hurdle. Once construction had begun, and one of the key areas was removed, the property was classified as unmortgageable. Most high-street lenders and traditional banks will only provide additional borrowing for habitable properties, making it impossible for clients to secure further funds despite their strong financial standing. This presented a time-sensitive challenge during a crucial stage of the project.
Enness leveraged our specialist lender network and arranged a circa £400K home equity loan at an 85% loan-to-value, structured over a 25-year capital and interest repayment term. The lender considered the clients’ wider financial profile, including:
- A strong track record of entrepreneurial success
- Consistent and significant income history
- An upcoming equity event to strengthen liquidity
- The use of a highly experienced and professional construction team
This holistic approach allowed approval even though the property was temporarily unmortgageable, ensuring the project could proceed without disruption.
Enness specialises in arranging complex, high-value property finance for high-net-worth individuals when mainstream lenders are unable to help. With access to over 500 global lenders, we identify and negotiate bespoke solutions that meet both short-term requirements and long-term objectives.
For HNW borrowers undertaking property renovations, extensions, or development projects, we offer:
- Deep expertise in complex and high-value lending
- Fast, flexible, and creative solutions
- Tailored advice aligned with your unique financial profile
If you or your clients require property renovation finance in the UK, Enness is ideally placed to deliver exceptional outcomes. 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.
