Refinancing Two International Properties Ahead of a Lender Deadline
A UK-based family needed to refinance residential properties in the UK and France through a new cross-border lender after their existing lender declined to renew the facility ahead of its maturity deadline.
Mortgage finance is subject to status, valuation, lender credit approval and legal due diligence. Your property may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.
International mortgage refinancing can allow clients with properties in multiple countries to restructure existing borrowing through lenders able to assess their wider financial position. Enness Global works with high-net-worth clients requiring cross-border finance where multiple properties, international assets and an approaching lender maturity create a more complex refinancing requirement.
Why Did the Family Need to Refinance Their International Properties?
The family needed to refinance residential properties in the UK and France after their existing European lender indicated that it would not renew the current facility at maturity. This created a fixed deadline for replacing the borrowing across two properties in different jurisdictions. The challenge was not simply refinancing an individual mortgage. The clients had substantial property holdings and a broader financial position spanning multiple countries, making this a cross-border property finance requirement rather than two isolated mortgage applications.
Cross-border property finance can involve additional considerations around jurisdiction, valuation, security and the treatment of international assets. The lender therefore needed to understand the clients' wider financial position rather than assessing either property entirely in isolation. Refinancing remains an active part of the French mortgage market. Banque de France data published in September 2026 showed €12.5 billion of new housing lending in July 2026, with renegotiated housing loans representing 12.2 per cent of that month's lending.
How Did Enness Approach the Cross-Border Refinancing?
Enness took a joined-up view of the two properties and the family's broader asset base rather than treating the UK and French refinances as unrelated transactions. The objective was to establish a new lender relationship capable of considering both elements of the requirement ahead of the existing facility's maturity. This meant assessing the overall refinancing requirement alongside the clients' wider assets and international financial profile, then approaching lenders with experience of high-value, cross-border property finance. Coordinating the two requirements was particularly important because refinancing property across different jurisdictions can involve separate valuation, legal and security processes. The proposed lender relationship therefore needed to accommodate the complexity of both properties while working towards the same maturity deadline. Any proposed facilities remain subject to status, valuation, lender credit approval and legal due diligence.
What Is the Current Outcome for the Family?
The refinancing is progressing, providing the family with a proposed route to replace the existing borrowing across both properties ahead of the lender's maturity deadline.
At the point reflected in this case study, the refinancing has not been described as completed. The proposed facilities therefore remain subject to the new lender's final requirements, and the structure or terms could change before completion.
The objective is to transition the clients from their existing lender to a new financing relationship without creating an unintended gap in funding across either property.
Enness has also worked with international clients on a French Riviera mortgage refinance where the client's wider international wealth and financial profile required a specialist approach to refinancing.
“Cross-border refinancing becomes much more complex when several properties and jurisdictions are working to the same deadline. The key is to look at the client's position as a whole and find a lender capable of understanding the complete relationship.”
- Toby Johncox, Group Managing Director, Enness Global
What Were the Risks and What Could Have Gone Differently?
The proposed refinancing remains subject to lender credit approval, satisfactory valuations and legal due diligence in the relevant jurisdictions. Any delays in these processes could affect the clients' ability to complete the refinancing before the existing facility reaches maturity. There is also execution risk when coordinating multiple properties. A valuation issue, legal complication or change in lender appetite affecting one part of the transaction could potentially influence the wider refinancing structure. If the proposed refinancing did not complete before the existing facility matured, the clients could need to consider alternative refinancing arrangements or other sources of liquidity. The options available would depend on their circumstances and the existing lender's position at that time. The fact that a lender has indicated willingness to consider both properties does not guarantee completion. Finance remains subject to status and lender criteria, and the structure available to another borrower may differ materially.
Important Information
This case study reflects one client’s circumstances and is not representative of typical outcomes. Terms are subject to lender credit approval, valuation and legal due diligence and may be withdrawn or amended by the lender at any time. As with any lending secured against property, your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Nothing in this article constitutes financial, legal or tax advice.
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Frequently asked questions
Expert answers from our specialist brokers to the questions we are asked most often.
Let's talk nowCan You Refinance Properties in Two Different Countries?
Potentially. International lenders and private banks may consider refinancing requirements involving properties in multiple jurisdictions. The appropriate structure will depend on the countries involved, property values, existing borrowing, the client's financial profile and the lender's ability to take security in the relevant jurisdictions.
