A client with significant international earnings approached Enness seeking finance for the purchase of a prime central London property valued at approximately £11 million.
The client’s earnings had increased substantially over time, but despite strong income, available liquid savings were relatively modest compared to the purchase price. As a result, a higher loan-to-value mortgage structure was required to support the acquisition.
The transaction involved several complexities. The client’s income was denominated entirely in a non-sterling currency, requiring a lender comfortable assessing foreign currency income and associated exchange rate considerations. In addition, the client wanted the facility structured with full interest-only payments for the first year, before transitioning to a repayment structure involving capital reduction thereafter.
The client also wanted the mortgage split across multiple products to provide flexibility around overpayments, early repayment charges, and product structure.
Enness sourced a lender able to structure a higher loan-to-value mortgage aligned with the client’s requirements. The facility was arranged with full interest-only payments during the first year, followed by a blended repayment structure designed to support capital reduction over the remaining term.
The mortgage was also split across multiple products to provide flexibility around repayment strategy and future borrowing requirements.
This case study demonstrates how specialist mortgage structuring can support high-value residential purchases involving foreign currency income, complex repayment requirements, and bespoke product structuring.
Important:
During any interest-only period, monthly payments cover interest only and do not reduce the capital balance. Capital repayment remains due at the end of the mortgage term unless repaid earlier or through a suitable repayment strategy.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax, or currency advice. Finance is subject to status, underwriting, asset suitability, and lender criteria.
Risk Warnings:
Your property may be repossessed if you do not keep up repayments on your mortgage.
Where income or assets are denominated in foreign currencies, exchange rate movements may affect affordability and increase borrowing costs.
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.
