- British nationals with multi-jurisdictional residency
- Property valued above €5 million
- Circa €2.5 million long-term refinance
Enness Global was approached by an EU-based private bank acting for a long-standing ultra-high-net-worth client seeking to refinance a luxury ski chalet in Courchevel. The property was not the client’s primary residence and formed part of a diversified global real estate portfolio. The client and their family were primarily based internationally, with additional ties to the United Kingdom. Their objective was to secure a long-term refinancing structure aligned with their wider international wealth strategy, subject to lender criteria.
The transaction involved several cross-border complexities. The property was held within a French SCI structure shared between two unrelated ultimate beneficial owners, requiring a lender comfortable with sophisticated ownership arrangements. Multiple jurisdictions were involved across residency, wealth, and income sources, significantly narrowing the lender pool.
In addition, the existing mortgage was approaching maturity, creating time-sensitive refinancing requirements and requiring careful coordination across lender, legal, and structuring processes, subject to underwriting and jurisdictional requirements.
Following detailed analysis of the international lending market, Enness arranged a long-term refinance with a lender experienced in multi-jurisdictional client profiles. The selected lender was comfortable with the client’s global footprint and complex ownership structure, subject to internal credit approval.
The transaction progressed efficiently from initial engagement through underwriting and completion. The clients’ responsiveness and clear financial documentation also supported the process, enabling the refinance to complete ahead of the maturity of the existing facility.
This case study demonstrates Enness Global’s experience in structuring cross-border financing solutions for ultra-high-net-worth clients with complex ownership structures, international assets, and multi-jurisdictional income profiles.
Regulatory Notice:
Finance secured against overseas property, including property in France or property held through structures such as an SCI, may fall outside UK FCA regulation. Regulatory protections available for UK-regulated mortgage products may not apply.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax, or currency advice. Finance is subject to status, underwriting, asset suitability, jurisdiction, and lender criteria. Borrowing against property carries risk, and failure to meet repayment obligations may put secured assets, including property, at risk. Where borrowing, income, assets, or liabilities involve different currencies, exchange rate movements may increase costs or affect affordability.
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.
