- British nationals with multi-jurisdictional residency
- Property valued above €5 million
- Circa €2.5 million long-term refinance
A pair of British nationals with international residency required a long-term refinancing solution for a luxury ski chalet in Courchevel. Introduced to Enness Global through a European private bank, the clients wanted to refinance an existing facility approaching maturity while ensuring the property continued to support their wider international wealth strategy. The chalet formed part of a globally diversified property portfolio rather than their primary residence.
Although the refinance was secured against a single property, the ownership structure added significant complexity. The chalet was held through a French Société Civile Immobilière (SCI), with ownership shared between two unrelated beneficial owners. Combined with the clients' multi-jurisdictional residency, international income and cross-border asset base, this narrowed the number of lenders willing to consider the transaction.
Timing was equally important. With the existing mortgage nearing maturity, refinancing needed to be completed within a defined timeframe to avoid unnecessary disruption. Coordinating the lender, legal advisers and supporting documentation across multiple jurisdictions required careful management throughout the transaction.
Drawing on relationships with specialist private banks active in international real estate finance, Enness identified a lender whose underwriting approach was suited to the clients' ownership structure and wider financial profile, subject to lender assessment and approval. A long-term refinancing facility of approximately €2.5 million was arranged, providing continuity of funding ahead of the maturity of the existing loan.
By combining specialist lender selection with coordinated execution, the refinance completed within the required timeframe, allowing the clients to maintain their long-term ownership strategy without interruption. The transaction highlights the importance of specialist structuring where cross-border ownership, international residency and complex legal structures fall outside conventional lending criteria.
Regulatory Notice
Finance secured against overseas property, including property in France or property held through structures such as a Société Civile Immobilière (SCI), may fall outside UK FCA regulation. Regulatory protections available for UK-regulated mortgage products may not apply.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or currency advice. Enness Global acts as a broker and not as a lender. All lending is subject to status, underwriting, valuation, jurisdiction and lender approval. Loan terms and lending structures vary depending on individual circumstances and market conditions. Where borrowing, income, assets or liabilities involve different currencies, exchange rate movements may increase borrowing costs or affect affordability. Independent professional advice should be sought before entering into any financial arrangement.
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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.
