Key Details
- Client: High-net-worth new UK resident
- Property: Multiple prime London properties
- Facility: Ten-year interest-only private banking facility, staged refurbishment drawdowns, initial liquidity for tax planning
A high-net-worth client approached Enness shortly after becoming a UK resident and entering the UK tax system. The client had limited provable income under traditional underwriting due to a recent transition into a new UK business venture, despite a strong overall balance sheet. The client had also acquired a prime London property requiring significant refurbishment and faced a capital gains tax liability from a prior digital asset disposal, creating a defined liquidity requirement.
Enness structured a fully committed private banking facility secured across multiple unencumbered London properties. The ten-year interest-only facility included an initial liquidity tranche to manage tax obligations and a staged drawdown element to fund refurbishment against professional certification. Digital asset holdings were formally verified for compliance but not used to service the loan.
This solution delivered certainty of funds ahead of tax deadlines, fully committed refurbishment financing, preservation of digital assets, and flexibility for the client’s new business. It illustrates how private banking solutions can support internationally mobile clients with non-traditional income, where execution risk is the primary challenge.
Enness does not give digital asset advise or recommendations and you should seek professional advice to discuss your personal circumstances and requirements.
Enness does not give tax or recommendations and you should seek professional advice to discuss your personal circumstances and requirements.
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.
