- Client: UK national
- Objective: Refinance circa £3.12m expiring mortgage on prime Belgravia property ahead of sale
- Solution: Circa £3.56m short-term refinance at approximately 60% loan-to-value with interest fully retained
Enness Global arranged a short-term refinance for a prime London residence valued at approximately £6 million. The client required a specialist lending solution due to income structuring outside conventional affordability models, needed to refinance an expiring mortgage of circa £3.12 million and required a structure that would avoid monthly servicing while the property was prepared for sale.
The case presented several challenges. Due to the client’s income profile and borrowing requirements, conventional lenders were unable to support the transaction, and the client required a short-term structure aligned with a clear 12-month exit strategy. An interest-only facility with retained interest was also necessary to ensure no ongoing monthly payment obligations.
Enness Global sourced a specialist asset-backed lender capable of structuring a circa £3.56 million facility at approximately 60% loan-to-value. The loan was arranged on a short-term basis with interest fully retained and no early repayment charges, providing the client with flexibility should the property sell ahead of schedule.
The refinance enabled the existing mortgage to be repaid on time while preserving the client’s liquidity. With the maturity deadline resolved, the client was able to proceed with the sale strategy without pressure, ensuring a controlled and efficient exit.
Disclaimer:
This case study is for illustrative purposes only. Specialist and short-term property finance is subject to status, underwriting, asset suitability, and lender criteria. Terms and outcomes will vary based on individual circumstances and are not guaranteed.
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.
