- Clients: HNW couple returning to the UK
- Property Value: Circa £10 million
- Loan Amount: Circa £6.5 million
Enness was approached by a high-net-worth couple who had recently returned to the UK after living overseas for several years. They were looking to purchase a new UK property valued at approximately £10 million and required borrowing of around £6.5 million to complete the purchase.
The couple’s financial position was substantial but not straightforward from a lending perspective. Their wealth had been generated primarily through a successful company in which the husband was a shareholder, while the family also held significant cash reserves and already owned a £6 million property in the UK.
The main challenge was presenting the husband’s income from a foreign company in a way that a UK lender could assess. The family’s wider wealth was also spread across multiple jurisdictions, meaning the lender needed to be comfortable reviewing overseas assets, accounts and income alongside their existing UK property interests.
Given the size of the proposed mortgage, the clients were also looking for more than simply a lender willing to approve the borrowing. They wanted a provider that could offer a competitive structure while providing a high level of service throughout what was likely to be a complex transaction.
Enness reviewed the couple’s overall financial position and approached lenders with experience of high-value mortgages and international income structures. We identified a lender that was comfortable with the clients’ circumstances and able to consider the wider picture rather than relying solely on conventional UK income sources.
The resulting mortgage provided approximately £6.5 million of finance towards the £10 million purchase. The lender’s approach allowed the couple’s foreign income, international assets and existing UK property interests to be considered as part of the wider application.
For clients returning to the UK after spending time overseas, arranging a high-value mortgage can involve considerably more than demonstrating a sufficient income. The source and structure of that income, where assets are held and how the wider balance sheet is presented can all influence which lenders are able to consider the application.
This case demonstrates how a detailed understanding of a client’s overall financial position can help identify appropriate lending options where conventional income structures do not tell the full story. If you are returning to the UK with international income or assets and require finance for a high-value property purchase, speak to an international mortgage specialist to discuss your requirements.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, affordability, underwriting, property assessment and lender criteria. Terms and availability will vary depending on individual circumstances, income structure, assets and the proposed transaction.
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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.
