£6.5M Mortgage for Prime Country Property
27th June 2022
Key Figures:
- Client: British National & French Resident
- Property type: 8 bedroom cottage
- Property Value: £9,300,000
- Loan Amount: £6,510,000
- LTV: 70%
- Rate: 2% + BBR
- Term: 5 Year
Over the past couple of years, many people have wholly evaluated how they live, and many homeowners moved out of towns and cities searching for space and greenery. Surrey, Gloucestershire and Hertfordshire are all seeing increased interest from buyers looking for prime property with excellent local amenities and easy connections into London, for example.
In this case, we were approached by a British National residing in France who was looking to move back to the UK with his family. The property in question was valued at £9.3 million and the client was looking for a 70% LTV mortgage.
A large portion of Enness’ client base are overseas investors. You may be buying in the UK as a foreigner or expat or purchasing overseas real estate anywhere that’s not in your country of residence, be that investment property, a holiday home, or simply adding real estate to your portfolio. Whatever your reason for seeking a mortgage, Enness has extensive experience in sourcing and negotiating this relatively niche type of financing, whether or not you are a citizen or resident of the UK.
While you may be actively looking to move out of central London, others are keen to move in. Here, you may find that there are also other opportunities: keeping your London property as a buy-to-let investment and buying a new home outside London is one such possibility.
We arrange more million pound mortgages in the UK than anyone else, and we do so via an international network of over 500 lenders. Our 1 million pound mortgage brokers understand the market like no one else, will negotiate the best possible lending terms and manage the entire process to ensure a smooth transaction. To discuss your scenario, get in touch today.
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