Key Details:
- Client: UK-based homeowner and property investor
- Challenge: Purchasing a new home without contributing personal capital while requiring borrowing above conventional loan-to-income multiples
- Loan Structure: Equity release from an existing buy-to-let portfolio combined with a residential mortgage
A UK-based client approached Enness Global seeking to purchase a new home in prime central London valued at under £1 million. The client wished to complete the purchase without injecting personal capital, instead using equity held within an existing buy-to-let portfolio to fund the deposit and associated acquisition costs.
The transaction presented several complexities. The required borrowing represented approximately 6.7 times the client's employed income, exceeding the lending criteria of many mainstream lenders. In addition, the client's income comprised employed earnings, consultancy income and rental income generated across an investment property portfolio, requiring a lender willing to assess affordability using a broader view of the client's financial position.
Enness Global arranged an equity release against the client's existing buy-to-let properties, providing sufficient funds to cover the deposit and transaction costs while preserving personal liquidity. We also introduced the client to a lender able to consider the client's employed income alongside consultancy earnings and surplus rental income when assessing the application. This combined funding strategy enabled the purchase to proceed without requiring the client to contribute additional personal capital, subject to lender criteria.
This case demonstrates how specialist mortgage structuring can combine equity release and residential finance to support clients with complex income profiles and broader property portfolios where conventional lending criteria may not fully reflect overall affordability.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability and lender criteria. Loan amounts, loan-to-value ratios, income multiples and lending structures are indicative only and may vary depending on individual circumstances and market conditions. Enness Global acts as a credit broker and not as a lender.
Risk Warning
Your property may be repossessed if you do not keep up repayments on your mortgage or any debt secured against it.
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.
