- Client: UK-resident student and overseas-based parent
- Challenge: Structuring a Joint Borrower Sole Proprietor mortgage using overseas income across a refinance and high-value purchase
- Loan Amount: Circa £3.2M Joint Borrower Sole Proprietor mortgage facility
A UK-resident student and an overseas-based parent approached Enness Global seeking a financing solution to support both the refinance of an existing London property and the acquisition of a second high-value residential property. The parent earned a stable professional income overseas, while the family wanted the UK-based family member to retain sole legal ownership of both properties. A Joint Borrower Sole Proprietor (JBSP) mortgage structure was identified as the most appropriate solution.
The transaction involved refinancing a London property valued at approximately £910,000 at around 50% loan-to-value while simultaneously financing the purchase of a second property valued at circa £5.5 million, also at approximately 50% loan-to-value. The combined borrowing requirement was around £3.2 million, with the family seeking a streamlined structure under a single lending relationship.
The case presented several complexities. The lender needed to assess overseas income alongside UK financial commitments while accommodating the Joint Borrower Sole Proprietor structure. Affordability also required consideration of multiple income sources, including offshore earnings and rental income, together with clear ownership arrangements across both transactions.
Drawing on established private banking relationships, Enness Global identified a lender experienced in cross-border Joint Borrower Sole Proprietor lending. A bespoke facility was structured to combine both the refinance and purchase under a single mortgage, with affordability assessed holistically across the family's wider financial position. The proposed structure also incorporated flexible repayment terms while supporting the family's long-term UK property strategy.
This case demonstrates how specialist private banking solutions can support complex cross-border property transactions involving overseas income and Joint Borrower Sole Proprietor structures. By identifying the right lender and coordinating both transactions under a single facility, Enness Global delivered a tailored financing solution aligned with the family's long-term objectives.
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 and lending structures are indicative only and may vary depending on individual circumstances. Enness Global acts as a credit broker and not as a lender.
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