- Client: British National & French Resident
- Property: 8-bedroom cottage
- Property value: £9,300,000
- Loan amount: £6,510,000
- LTV: 70%
- Rate: 2% + BBR
- Term: 5 years
Enness was approached by a British national living in France who was looking to return to the UK with their family. The client had identified an 8-bedroom cottage valued at £9.3 million and wanted to secure a mortgage at 70% LTV to finance the purchase.
As a non-UK resident, the client’s circumstances required a lender comfortable with international borrowers and high-value UK property. Although the client was a British national, their French residency meant that a number of mainstream lenders were unlikely to offer the level of flexibility required.
The value of the property and the size of the proposed facility also meant that the financing needed to be approached as a bespoke transaction rather than a standard residential mortgage. Enness considered the client’s wider circumstances and approached lenders with the appetite for high-value lending to international borrowers.
Through its specialist lender network, Enness secured a £6.51 million mortgage at 70% LTV, with a five-year term and a rate of 2% above Bank of England base rate.
The solution allowed the client to finance the purchase of their new family home while returning to the UK from France. The case demonstrates how international residency does not necessarily prevent borrowers from accessing substantial UK mortgage finance, provided the application is presented to the right lenders.
Enness specialises in arranging UK mortgages for non-residents and high-value borrowers, with experience structuring million-pound mortgages around complex international circumstances. If you are returning to the UK or looking to finance a high-value property while living overseas, our team can explore the lending options available to you.
Risk Warning:
Mortgages secured against property carry risk. If you do not keep up with repayments, you could lose the property used as security. Variable-rate borrowing means payments may increase if the applicable interest rate rises. Property values can fall as well as rise.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal or tax advice. Finance is subject to status, affordability, underwriting and lender criteria. Terms and availability will vary depending on individual circumstances.
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.
