Large property refinancing can become particularly complex when a client has an international background, a substantial property portfolio and a family office managing their affairs. I recently assisted dual-national clients who were looking to raise significant capital against a high-value Prime Central London property.
The introduction came through a trusted wealth management firm that already worked with the clients and recommended Enness because of our experience with complex, high-value property finance.
The clients owned a substantial property portfolio in Prime Central London and wanted to raise approximately £21 million by refinancing a property valued at around £28 million.
The clients were particularly focused on securing competitive terms. Communication was also managed primarily through their family office, with meetings and discussions taking place with their representatives rather than directly with the clients.
It was therefore important to develop a detailed understanding of the family’s wider wealth structure, assets and financial circumstances. This information would allow me to identify lenders capable of assessing the application appropriately rather than relying on standard lending criteria.
OUR SOLUTION
Given the size of the proposed borrowing and the complexity of the clients’ financial structure, I focused on lenders with experience of working with international high-net-worth clients and substantial property portfolios.
I approached a major international bank that was comfortable assessing complex income and wealth structures. Following detailed discussions with the lender and the clients’ family office, I was able to negotiate terms for the required facility.
The resulting facility provided £21 million of borrowing against the £28 million property, with £5 million of assets under management forming part of the overall banking relationship.
The case demonstrates the value of specialist large mortgage expertise when arranging substantial borrowing against Prime Central London property. It also highlights how international mortgage experience can be valuable where clients have dual nationalities and complex cross-border financial arrangements.
For clients with significant wealth and sophisticated financial structures, a private bank mortgage can provide access to lenders accustomed to taking a broader view of assets, income and overall financial circumstances.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, affordability, property suitability and lender criteria. Terms, rates, LTVs and availability may vary depending on individual circumstances.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Property values can fall as well as rise.
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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.
