An internationally based high-net-worth individual who had recently relocated to the UK approached Enness Global seeking finance for the acquisition of a prime London residence valued at approximately £23 million. With significant global wealth and offshore income streams, the client required a lender capable of assessing their wider international financial position rather than relying solely on conventional UK-based documentation.
The client sought high leverage of up to 75% loan-to-value, representing potential borrowing of circa £17.25 million, with an interest-only structure, multi-currency flexibility and repayment arrangements aligned with offshore income schedules. As the client had only recently relocated to the UK, limited UK credit history also needed to be taken into consideration.
The main challenge was sourcing an international mortgage lender with sufficient appetite for the scale of the transaction while accommodating the client’s cross-border financial profile. High-LTV lending on a property of this value requires careful consideration of the client’s overall balance sheet, income sources and currency exposure. The structure also needed to provide sufficient flexibility to manage offshore income efficiently without creating unnecessary currency risk.
Enness Global conducted a targeted search across private banks in the UK, Europe and the US, identifying lenders experienced in complex international mortgage transactions. A number of suitable structures were considered, including facilities offering interest-only servicing, multi-currency drawdown options and flexibility around the treatment of interest. The final structure was positioned to balance leverage, liquidity and repayment flexibility while taking account of the client’s international income profile.
Enness Global secured a bespoke international mortgage at between 65% and 75% loan-to-value, subject to lender criteria and final underwriting. The facility enabled the client to proceed with the acquisition shortly after relocating to the UK while maintaining flexibility around offshore income and broader financial arrangements.
The solution demonstrates how specialist private banking relationships can help internationally mobile high-net-worth clients secure substantial UK property finance where conventional lending criteria may not fully reflect their wealth, income or international circumstances. By taking a holistic view of the client’s financial position and accessing lenders with cross-border expertise, Enness Global was able to structure a mortgage aligned with both the acquisition and the client’s longer-term UK financial planning objectives.
Important:
With an interest-only mortgage, monthly payments cover interest only and do not reduce the capital balance. The original loan amount remains outstanding and must be repaid at the end of the mortgage term through a suitable repayment strategy.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, asset suitability, jurisdiction and lender criteria. Terms and outcomes will vary depending on individual circumstances and are not guaranteed.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Where income is received in a foreign currency, exchange-rate movements may also affect the cost of servicing sterling-denominated borrowing.
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.
