At Enness, we have extensive experience arranging finance for Prime Central London property. For clients purchasing at the higher end of the market, choosing the right mortgage structure can be particularly important, especially when they are taking a long-term view of their property investment.
I recently helped a British expat based in Monaco who was looking to purchase a London townhouse. The property was being acquired for £6.5 million, with the client seeking 75% loan to value (LTV), equivalent to borrowing of £4.875 million.
At this level, securing a mortgage through a high street lender was unlikely to provide the flexibility required. The client therefore needed a lender with experience of large mortgages and international borrowers.
The client’s Monaco residency was also an important consideration. Working with an international mortgage specialist meant I could approach lenders familiar with cross-border borrowers and present the application in the context of the client’s wider financial position.
OUR SOLUTION
I approached a private bank with the appetite to consider the size of the borrowing and the client’s international circumstances. The lender was able to provide a long-term fixed-rate structure, giving the client greater certainty over their mortgage payments and reducing their exposure to potential changes in interest rates.
The resulting facility provided £4.875 million of borrowing at 75% LTV against the £6.5 million London townhouse, with a 10-year fixed-rate period.
There was also an opportunity to assist with the wider protection of the property. As the client spent significant periods away from the UK, I introduced them to our specialist insurance team to consider suitable cover for the London residence.
This included high-value home insurance for the property and its contents. The client also owned several valuable pieces of artwork, which required consideration beyond the standard limits of a contents policy.
This case demonstrates how the right combination of high-net-worth mortgage expertise and wider property services can help international clients structure finance for substantial UK property purchases. By understanding the client’s circumstances and accessing an appropriate private banking lender, I was able to secure a structure aligned with their long-term plans.
- £6.5 million London townhouse
- £4.875 million loan
- 75% loan to value
- 10-year fixed-rate period
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, affordability, property suitability and lender criteria. Terms, rates, LTVs and availability may vary depending on individual circumstances.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Property values can fall as well as rise.
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.
