- Client: UK nationals relocating to Switzerland
- Challenge: Arranging cross-border finance for a Swiss primary residence while establishing a long-term private banking relationship
- Loan Type: Swiss residential mortgage for a property valued in excess of CHF 2M
Two UK nationals approached Enness Global while planning their retirement in Switzerland. They were seeking finance to purchase a new primary residence with a purchase price in excess of CHF 2M and wanted a lending solution that complemented their wider wealth planning objectives as they relocated internationally.
The transaction presented several complexities. As part of their move, the clients intended to transfer a substantial proportion of their liquid assets to Switzerland and establish a long-term private banking relationship. The mortgage therefore needed to be structured alongside their wider banking arrangements, while taking account of cross-border residency considerations, long-term affordability and the clients' overall financial position.
Enness Global introduced the clients to a Swiss private bank experienced in working with internationally relocating high-net-worth individuals. A residential mortgage was arranged alongside a broader private banking relationship, with assets placed under management as part of the overall banking strategy, subject to lender requirements. Enness also introduced trusted Swiss legal, tax and relocation specialists to support the wider relocation process.
The clients successfully completed the purchase of their Swiss residence with an integrated financing and private banking structure aligned with their long-term retirement and wealth planning objectives. This case demonstrates how specialist cross-border mortgage structuring can support internationally relocating clients whose financing requirements extend beyond a conventional residential mortgage.
Important: Cross-border mortgage arrangements may be subject to the laws, regulations and lending requirements applicable in the relevant jurisdiction. UK regulatory protections applicable to UK-regulated mortgage products may not apply to finance arranged in connection with overseas property.
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.
