- Approximately £980,000 mortgage
- Circa 80% loan-to-value, subject to lender criteria
- Joint borrower, sole proprietor private bank structure
A first-time buyer purchasing a property in prime London approached Enness Global seeking an approximately £980,000 mortgage against a purchase price of circa £1.25 million. The client wanted to secure a higher loan-to-value structure while ensuring the property remained solely in their name.
The primary challenge was affordability. While the client had strong long-term career prospects, employed income alone was insufficient to support the required borrowing at this level. To address this, Enness structured a joint borrower, sole proprietor arrangement, with a supporting family member joining the application to strengthen affordability.
The supporting borrower already had an existing mortgage, meaning current commitments required careful stress testing. A holistic lending approach was therefore essential. The supporting borrower also held substantial liquid assets, enabling consideration of wider wealth, liquidity, and overall financial strength alongside income.
Enness introduced the clients to a private bank experienced in high-net-worth underwriting and complex family structures. The proposed facility was structured over a shorter-term arrangement aligned with the supporting borrower’s longer-term repayment considerations. The repayment strategy was arranged on a part-and-part basis, combining interest-only and capital repayment elements.
The application is currently progressing through credit assessment, subject to lender approval and underwriting. This case study demonstrates how private banking solutions can support higher loan-to-value borrowing in appropriate circumstances for first-time buyers where family support and broader financial strength form part of the overall lending assessment.
Important:
With any interest-only borrowing component, monthly payments may not reduce the full capital balance. Capital repayment remains due at the end of the mortgage term unless repaid earlier.
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.
