- Client: Eurasian nationals residing in the UK and overseas
- Property Value: Circa £1.7 million
- Loan Amount: Circa £1 million
- Purpose: Purchase of a family home
Enness was approached by another broker who had been assisting a married couple with the purchase of a family home in the UK. Although the clients intended the property to become their main residence, they would continue working in their respective regions after the purchase.
The clients had strong earnings, but their income was generated through a diverse structure spanning multiple sources, jurisdictions and currencies. The challenge was finding a lender that could take all of this into account when assessing affordability rather than focusing on a single source of income.
The previous broker had exhausted their available options before approaching Enness, recognising that the case required a lender with experience handling complex international income profiles. The combination of multiple jurisdictions and currencies made lender selection particularly important.
Enness reviewed the clients’ circumstances and quickly identified lenders with the appetite to consider their cross-border financial position. Indicative terms were sourced within a couple of hours of receiving the enquiry.
Because the clients had already progressed discussions with several other lenders, much of the required documentation was readily available. This helped Enness move the application forward quickly, with sign-off achieved within a couple of days.
Throughout the process, we maintained clear and regular communication with the clients, introducer, estate agent and vendor. This helped keep everyone informed and provided confidence that the transaction was progressing despite the complexity of the application.
Enness ultimately arranged a competitive fixed-rate mortgage that met the clients’ wider requirements for the property purchase. The case demonstrates how the right lender can make a significant difference where borrowers have strong finances but earn across multiple jurisdictions and currencies.
For international clients purchasing property in the UK, the lending process can become more involved when income is earned overseas or across several currencies. Enness works with lenders experienced in these circumstances and can assess the wider financial picture to identify suitable options. If you or your clients are looking to finance a UK property with an international income profile, speak to a 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 and lender criteria. Terms and availability will vary depending on individual circumstances and the proposed transaction.
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.
