- Client: UK family relocating offshore
- Challenge: Dual-property structure involving refinance and offshore acquisition
- Loan Amount: Circa £2M mortgage approved at 75% LTV
A UK-based family approached Enness seeking funding to support their relocation offshore, where they planned to purchase a country property valued at circa £3M. The strategy involved securing a mortgage against the new property while simultaneously refinancing their existing UK residence to release deposit capital. Following relocation, the property was intended to transition into a long-term investment asset.
Structuring finance for offshore property can present additional complexity compared with mainland UK lending, particularly where transactions involve multiple linked facilities and self-employed applicants. Both clients were self-employed, with income derived from multiple sources, creating a layered assessment of affordability. In addition, financing certain rural property types in offshore jurisdictions can require a specialist lender appetite due to property and jurisdictional nuances.
Enness coordinated a two-part lending strategy incorporating a refinance facility secured against the existing UK residence alongside a new mortgage approved at 75% LTV for the offshore purchase. The refinance was also structured at 75% LTV to release deposit capital efficiently while preserving longer-term investment flexibility once converted to an investment asset. Full credit-backed terms were secured with a specialist lender experienced in offshore lending, before the transaction ultimately not proceeding for reasons unrelated to financing.
This case highlights how coordinated multi-property funding strategies can support relocation planning involving offshore property acquisitions. By aligning refinance structuring with acquisition funding, Enness delivered a cohesive lending solution designed to support both the move and the client’s longer-term wealth positioning.
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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.
