In this case, our client was an Armenian resident looking to refinance his prime property in London. The property was valued at £8.5m and the client wanted to borrow £5.525m.
While there has been a huge increase in the number of CIS investors acquiring property assets in the UK and other luxury property markets, a fractious political climate can make arranging finance for CIS clients a difficult proposition.
Our independent status allows us to speak with more than 500 lenders in the global property finance market. We have extremely good relationships with traditional banks as well as niche lenders and specialist groups, which ensures we always have third parties we can speak to in order to inject a degree of competition into any fundraising operation.
After some negotiation, we were able to secure an extremely competitive rate of 1.05% PCM. As this case goes to show, no matter the ask, there is a solution out there for almost every circumstance.
Securing a mortgage as a foreign national is always challenging, and many lenders will be hesitant to let you borrow if you don’t have a footprint or credit history in the UK. Whatever your nationality and country of residence, Enness' multilingual team will be able to access property finance to buy real estate in the UK, even when you are buying high-value property or would like a significant loan.
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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.