Mayfair Property Finance for UHNW Client

• Client: British national and US resident
• Property: Investment property in Mayfair
• Property value: £21M
• Loan amount: £14.7M
• LTV: 70%
• Rate: 2.29% fixed for 10 years

Enness was approached by a British national and US resident looking to purchase a £21M investment property in Mayfair. The client wanted to use mortgage finance as part of the acquisition structure, with inheritance tax efficiency an important consideration.

The property was located on Grosvenor Square, one of Mayfair’s most established addresses. The client required a £14.7M mortgage, representing 70% LTV against the property.

Financing a property of this value as an overseas resident can require a more specialist approach, particularly where the borrower is looking for a high level of leverage and a long-term fixed rate. Rather than relying solely on conventional residential lenders, Enness was able to approach lenders with experience in high-value UK property and international borrowers.

Using our lender network, we secured a £14.7M mortgage at a 2.29% fixed rate for 10 years. The long-term fixed structure provided the client with greater certainty over the cost of borrowing while allowing them to retain liquidity elsewhere.

The transaction demonstrates how mortgage finance can form an important part of an acquisition strategy for international investors purchasing high-value UK property. At this level of borrowing, lender appetite and the structure of the transaction can have a significant impact on the terms available.

Enness specialises in arranging million-pound mortgages and complex UK property finance for international clients. We work with lenders across the market to identify solutions tailored to the borrower, property and wider financial circumstances.

Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, valuation, due diligence and lender criteria. The terms described relate to a historical transaction and are not indicative of current or future pricing. Tax treatment varies according to individual circumstances and professional tax advice should be obtained where appropriate.

Risk Warning:
Taking out a mortgage involves financial risk. If you do not keep up repayments, your property may be at risk of repossession. International property finance may also involve tax, currency and jurisdictional considerations. Borrowers should obtain appropriate professional advice before proceeding.