- Client: US nationals relocating to London
- Challenge: 85% LTV required despite offshore USD income, immigration status complexity, and limited UK affordability profile
- Loan Amount: Circa £2.375M mortgage at 85% LTV
US nationals relocating to London approached Enness seeking financing to purchase a Prime Central London property valued at £2.75M. The clients required a high loan-to-value mortgage at 85% LTV to preserve liquidity within their US-based investment portfolio rather than liquidating assets to increase their deposit contribution. They also preferred a hybrid structure combining predominantly interest-only borrowing with a smaller repayment element to manage monthly costs while gradually reducing the outstanding balance.
The case presented several structural challenges that restricted access to mainstream lending options. As recently relocated borrowers without indefinite leave to remain in the UK, the clients fell outside the criteria of many high street lenders. In addition, a significant portion of household income was generated from a US-based business and paid in US dollars offshore, which many lenders could not fully recognise for affordability purposes. The overall income structure alone did not satisfy standard affordability models, meaning a lender comfortable considering wider savings and investment resources alongside income was required.
Enness introduced the clients to a private bank able to assess the full international financial profile rather than relying solely on UK-earned income. A £2.375M mortgage was structured at 85% LTV against the £2.75M purchase price, with a blended repayment profile combining interest-only and capital-and-interest elements aligned with the clients’ objectives. The lender also demonstrated flexibility regarding residency status and offshore income sources, enabling the purchase to proceed without requiring asset liquidation.
This case demonstrates how specialist private banking relationships can support international clients purchasing Prime Central London property at higher loan-to-value levels than typically available through mainstream lenders. By structuring a hybrid repayment mortgage aligned with global income sources and long-term wealth planning, Enness enabled the clients to secure their UK home while preserving their broader investment strategy.
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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.
