- Client: UK national
- Challenge: Refinancing an expiring mortgage on a prime Belgravia property ahead of a planned sale while avoiding monthly servicing costs
- Loan Amount: Circa £3.56 million short-term refinance at approximately 60% loan-to-value with retained interest
A UK national approached Enness Global seeking to refinance an expiring mortgage secured against a prime London residence in Belgravia valued at approximately £6 million. The client required a specialist funding solution to refinance an existing facility of around £3.12 million while preparing the property for sale. Preserving liquidity and avoiding monthly repayments during the sale period were key priorities.
The transaction presented several challenges. The client's income profile fell outside conventional affordability models, limiting the availability of mainstream lending options. In addition, the refinance needed to be completed before the existing mortgage matured and aligned with a clearly defined exit strategy based on the anticipated sale of the property within approximately 12 months.
Enness Global introduced a specialist asset-backed lender able to structure a short-term refinance facility of approximately £3.56 million at around 60% loan-to-value. The proposed facility incorporated retained interest, removing the requirement for monthly servicing during the loan term, and was structured without early repayment charges to provide flexibility should the property sell sooner than anticipated.
This case demonstrates how specialist short-term finance can support borrowers requiring time-sensitive refinancing where conventional affordability criteria may not be appropriate. By aligning the facility with a defined exit strategy, Enness Global delivered a tailored solution that provided funding continuity while preserving flexibility throughout the planned sale process.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability and lender criteria. Loan amounts, loan-to-value ratios, pricing and lending structures are indicative only and may vary depending on individual circumstances and market conditions. Enness Global acts as a credit broker and not as a lender.
Risk Warning
Bridging and short-term finance are intended as temporary funding solutions and may not be suitable for all borrowers. Your property may be repossessed if you do not keep up repayments on borrowing secured against it.
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.
