This case involves arranging a high-value mortgage for a descendant of an UHNW family. Alongside running a private banking group with a global reach and an important investment in private equity, the family also owns ten of the largest wineries in the world.
The client was looking to buy the rental property in Chelsea she was currently living in for £7 million.
Chelsea is one of the most upscale districts of Central London, known for its charm, history and affluent residents, ranging from fine artists to bankers. In addition to its range of fine-dining restaurants and luxury boutiques, Chelsea has many good schools and green spaces, with Battersea Park and Hyde Park a short walk away.
In this instance, the client was buying a Panamanian company and hence was looking to de-envelop the property immediately. As such, the bank was happy to provide lending in her personal name while using the company’s assets as security.
The deal was completed at an excellent rate and on an interest-only basis to increase the cash flow of the client.
Here at Enness, we are market leaders in the complex mortgage space, and our lender access and range confirm that. Our combined experience allows us to understand any lending request and quickly and professionally source and negotiate terms then complete transactions cleanly.
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France is one of the most popular property markets for foreign nationals: we are all aware of the chic appeal of Paris, the enduring allure of the Riviera in the summer or the freshness of the mountains in winter.
Covering everything from search and negotiation to making an offer and the legal processes, the guide will help you fulfil your dream of property ownership in France.