- Clients: Self-employed UAE residents
- Property Location: French Riviera, France
- Purchase Price: €1.5 million+
- Mortgage Amount: 100% loan-to-value, subject to lender criteria
- Assets Under Management: 30% of the property value
- Rate: Competitive fixed rate
- Term: 25 years
Enness Global was introduced to the clients through a recommendation from their solicitor. Both self-employed and resident in the UAE, the clients were seeking to purchase a second home on the French Riviera. Their objective was to acquire a high-value villa for personal use while retaining the option to generate rental income when the property was unoccupied.
Although the clients initially preferred a conventional retail mortgage rather than a private banking facility, their self-employed status and UAE residency created additional underwriting considerations. French lenders can apply more cautious criteria when assessing international borrowers, particularly where income is generated outside France and the clients have no local tax residency or employment history.
Enness Global sourced a specialist mortgage from a lender operating across the retail and private banking markets. The lender was able to consider the clients’ wider financial position and offered a structure providing up to 100% financing of the purchase price, subject to the lender’s criteria and the required assets under management.
As part of the structure, the clients placed assets equivalent to approximately 30% of the property value under management with the banking institution. This provided the lender with additional comfort while allowing the clients to access a higher level of property financing without committing the full purchase price from cash reserves.
The resulting structure combined a long-term French mortgage with a French banking relationship and professionally managed investments. A competitive fixed rate over a 25-year term provided greater payment visibility, while the associated investment relationship formed part of the wider private banking structure.
The financing enabled the clients to proceed with the acquisition while retaining greater liquidity for their wider financial plans. It also provided the flexibility to use the property as a second home while potentially generating rental income when not occupied, subject to applicable regulations and lender requirements.
This case demonstrates how specialist cross-border mortgage structuring can help self-employed UAE residents finance high-value French property where conventional lending criteria may be restrictive. By considering the clients’ wider assets, residency and financial profile, Enness Global was able to identify a structure aligned with their property and wealth-planning objectives.
If you or your clients are exploring mortgage options in France or cross-border mortgages for UAE residents, Enness Global can provide access to specialist lenders and bespoke financing structures.
Important:
A 100% loan-to-value mortgage means the full purchase price is financed through borrowing, subject to lender criteria and the structure of the transaction. This can result in higher leverage and greater exposure to changes in property values and borrowing costs. Where assets are held under management as part of the lending arrangement, their value may fluctuate.
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. Any tax treatment will depend on individual circumstances and clients should seek independent professional tax advice.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Property values can fall as well as rise, and investment values can fluctuate.
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.
