- Client: Ultra-high-net-worth individual
- Loan Amount: Circa £20 million
- Property: Prime London property
- Purpose: Refinance and release liquidity
Enness was approached by an ultra-high-net-worth individual looking to refinance a prime London property. The client wanted to restructure the existing borrowing and release liquidity that could be used alongside their wider investment and business interests.
The size of the transaction and the client's wider financial position meant that this was not a straightforward residential refinancing. The client held a substantial portfolio of assets and had multiple income streams, requiring a lender that could take a broader view of their financial position when assessing the proposed borrowing.
There was also a relatively tight timeframe for preparing and submitting the required documentation. With a transaction of this size, ensuring the lender had a clear picture of the client's assets, income and existing commitments was particularly important.
Enness reviewed the client's overall position and approached lenders with experience in high-value property-backed transactions. The aim was to find a lender that was comfortable with both the scale of the borrowing and the client's complex income structure, while providing a suitable refinancing solution.
A suitable lender was identified and Enness successfully negotiated a circa £20 million refinancing facility against the prime London property. The structure provided the client with the liquidity required while allowing the wider portfolio to remain in place.
The transaction demonstrates the importance of taking a holistic approach to high-value refinancing. For clients with substantial assets and multiple income sources, the lender's ability to understand the wider financial picture can be just as important as the value of the property being used as security.
For clients with significant property holdings, property portfolio finance can provide a way to consider individual assets alongside the wider investment portfolio. Where an existing facility is being replaced or restructured, remortgage solutions may also provide an opportunity to release capital and review the overall borrowing structure.
If you are looking to refinance a high-value property and have a complex income or asset structure, 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 investment advice. Finance is subject to status, affordability, valuation, underwriting and lender criteria. Terms and availability will vary depending on individual circumstances and the property. Property values can fall as well as rise.
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.
