- Clients: First-time buyers in their twenties
- Property: London residential property, circa £1.125 million
- Deposit: Circa £100,000
- Loan to Value: Approximately 91%, subject to lender criteria
Two first-time buyers in their twenties sought to purchase a London property valued at approximately £1.125 million. Despite relatively limited work experience, both clients had strong career trajectories and clear long-term earning potential. With a deposit of circa £100,000, they required a mortgage at approximately 91% loan-to-value, subject to lender criteria, which exceeded the limits of many mainstream lenders.
Traditional lenders often apply tighter loan-to-value limits and may restrict larger borrowing amounts for first-time buyers. Early-career applicants can also face additional scrutiny due to shorter employment histories and standard affordability assessments.
Enness positioned the clients with lenders capable of taking a broader view of future earning potential, career progression, and long-term financial strength. A bespoke mortgage solution was structured at approximately 91% loan-to-value, subject to lender criteria, with a two-year fixed-rate arrangement.
The structure provided short-term payment stability while allowing flexibility for refinancing as income and equity improved over time.
The clients completed their first London property purchase while also establishing a broader private banking relationship to support future property and wealth planning objectives.
This case study demonstrates how specialist mortgage structuring can support first-time buyers with strong future earning potential where traditional lending criteria may not fully reflect long-term affordability.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, or tax advice. Finance is subject to status, underwriting, asset suitability, and lender criteria.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage.
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.
