- Approximately 60% loan-to-value refinance
- Circa 65% loan-to-value purchase
- Expat income and complex property accepted
Relocating overseas does not necessarily mean leaving UK property ownership behind. A UK expatriate client approached Enness Global looking to retain an existing home while purchasing a second residential property in the UK. To achieve this, the client needed to release equity from their current property to fund the deposit and refurbishment of a new home, all while relying on a UK-linked income earned from overseas.
The purchase involved more than a straightforward residential mortgage. The new property, valued at approximately £1.65 million, included significant acreage, mixed-use elements and title restrictions, all of which narrowed the pool of lenders willing to consider the application. The client's expatriate status and multiple income sources added further complexity, requiring a lender capable of assessing the overall financial picture rather than relying solely on standard underwriting criteria.
Rather than attempting to place both requirements with a single lender, Enness structured a dual-lender solution. The existing property was refinanced at approximately 60% loan-to-value on a part interest-only and part capital repayment basis, releasing the capital required while supporting longer-term affordability. A separate lender then provided a circa 65% loan-to-value interest-only mortgage for the new purchase, subject to lender criteria.
This approach gave the client the flexibility to retain their existing property, complete the acquisition and carry out the planned refurbishment without disrupting their wider financial strategy. By matching each part of the transaction with a lender whose criteria best suited the circumstances, Enness was able to deliver a coordinated funding solution for a transaction that many mainstream lenders would have found difficult to accommodate.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Enness Global acts as a broker and not as a lender. All lending is subject to status, underwriting, valuation and lender approval. Loan terms, pricing and maximum loan-to-value ratios vary depending on individual circumstances, asset profile and market conditions. Outcomes are not indicative of future results. Independent professional advice should be sought before entering into any financial arrangement.
Your home or 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.
