- Client: UK Resident & German National
- Property Type: Residential Property
- Property Value: £7,000,000
- Loan Amount: £5,600,000
- LTV: 80%
- Interest Rate: 2.79% fixed, 10-year term, interest-only
Enness was approached by a UHNW investor looking to purchase a modern penthouse in an iconic London tower, valued at £7 million. The client had previously rented the property and wanted to purchase it with a mortgage that would allow them to retain a significant level of liquidity.
The client had a substantial investment portfolio spanning publicly traded and private companies across Germany, the United States, Australia and Canada. Their investments included businesses operating across areas such as AI, crypto assets, blockchain, biotech and other emerging industries.
While the client had significant wealth and a strong overall financial position, the nature of some of their investments presented a challenge from a traditional lending perspective. Lenders can take different approaches to borrowers whose wealth is connected to emerging or specialist industries, particularly where a significant proportion of their assets are linked to areas they consider higher risk.
The client was looking to contribute £1.4 million towards the purchase and required an 80% LTV mortgage for the balance. They also wanted the facility to be structured on an interest-only basis, allowing monthly payments to cover interest while the capital was repaid at the end of the term or through the agreed repayment strategy.
Enness reviewed the client’s wider financial position and identified a private banking solution where the lender was comfortable taking a broader view of their wealth, investment portfolio and overall circumstances. The case was presented with detailed context around the client’s assets and financial background, allowing the lender to assess the actual credit profile rather than relying solely on the nature of the industries in which the client had invested.
The private bank subsequently offered an £5.6 million mortgage at 80% LTV, with a competitive fixed interest rate of 2.79% over a 10-year term. The mortgage was structured on an interest-only basis, aligning with the client’s requirements and wider financial strategy.
This case demonstrates how specialist mortgage structuring can help high-net-worth borrowers whose wealth or income is connected to emerging or specialist industries. Access to lenders with the appetite to consider complex wealth structures can be particularly important when conventional lending criteria do not fully reflect a borrower’s overall financial position.
Enness works with investors, entrepreneurs and business owners seeking high-value and complex mortgages. If you have significant wealth but your financial profile falls outside conventional lending criteria, Enness can assess your circumstances and explore suitable private banking solutions.
Risk Warning:
Mortgage borrowing carries risks. If you do not meet the terms of the mortgage, the lender may take enforcement action against the property used as security. Interest-only mortgages require a suitable repayment strategy for the capital at the end of the term. The value of investments can also fluctuate, particularly where wealth is concentrated in specialist or emerging assets.
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, affordability, asset suitability and lender criteria. Terms and availability will vary depending on individual circumstances.
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.
