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Monaco

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Frequently Asked Questions

  • What are the mortgage rates in Monaco?

    With assets under management, 100% mortgages are a possibility for property purchases over €3 million provided your financial situation and income support this. 5 years tracker mortgages start at 1.2% + base, and 5 years fixed mortgages start at 1.35% + base.

  • What LTV can I get in Monaco?

    Monaco mortgages are incomparable to mortgages anywhere else. The options are nearly endless – high LTV mortgages (85%+), dry mortgages, private bank mortgages with assets under management, and interest-only mortgages will all be on offer for the right borrower.

  • Is there a minimum purchase price?

    Enness brokers mortgages of €2 million and above. We can broker very significant property finance amounting to tens of millions of euros.

  • Can a foreign national get a mortgage in Monaco?

    Yes. Most of Monaco’s residents are foreign nationals, and many of them choose to buy Monégasque property with a mortgage.

    It is always worth exploring your options in this respect. You are likely to benefit from a tailored mortgage (rather than an off the shelf package), and what you can borrow will depend on your net worth, income, assets and requirements. It is also worth noting that not every bank offers Monaco mortgages – sometimes, you will find your bank cannot provide you with a mortgage or give the most competitive rates. If this is the case, Enness will help source and negotiate the best property finance for you.

  • Can a Monaco national get a mortgage in the UK?

    Yes, although you may find getting a mortgage in the UK more challenging as a non-resident than if you were based in the UK. Mainstream lenders can offer lower LTV mortgages to non-resident buyers, and some lenders do not offer mortgages to non-residents at all. Working with Enness to broker your mortgage will help maximise what you can borrow in the UK based on your assets and net worth to ensure you get the most competitive rates and terms.

  • What are the regulations to get a mortgage in Monaco?

    Lenders will always look at affordability, how much you want to borrow and how you plan to repay the loan. Especially in Monaco, which has high property prices and where high-value mortgages tend to be the norm, lenders will look closely at affordability. Getting a mortgage will be dependent on your being able to demonstrate that monthly repayments are easily affordable.

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London HQ

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64 North Row
Mayfair
London W1K 7DA

London

Islay Robinson

Islay Robinson

[email protected]
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Monaco Office

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Le Cimabue
16 Quai Jean-Charles Rey
98000 Monaco

Monaco

Hugh Wade-Jones

Hugh Wade-Jones

[email protected]
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Dubai Office

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Office 13
Boulevard Plaza Tower 1
Burj Khalifa Street
Dubai, UAE

Dubai

Toby Johncox

Toby Johncox

[email protected]
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Jersey Office

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Office 17, First Floor
International Finance
Centre 5, The Esplanade
St Helier JE2 3BY

Jersey

Jack Goguelin

Jack Goguelin

[email protected]
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Zurich Office

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C/o Interis AG
Löwenstrasse
8001 Zürich
Switzerland

Zürich & Geneva

Simon Everett

Simon Everett

[email protected]
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Geneva Office

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Route de Pré-Bois 29
World Trade Center
1215 Meyrin
Switzerland

Zürich & Geneva

Simon Everett

Simon Everett

[email protected]

Our approach to all new requests and clients is as follows:

  • Step 1: First Contact

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    All first contacts are managed by a relationship manager who understands the market we operate in, can quickly see if we can help or not, and will match the client to the best possible broker based on their needs. 

  • Step 2: Arranging a Meeting

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    The client will then speak to the broker at a time that suits them and over the most appropriate medium – we get this part arranged as fast as possible and can often happen instantly.

  • Step 3: Meeting your Broker

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    The broker will work quickly to understand the client’s position, background, circumstances and plans. At this stage, we will only talk and we won’t ask for paperwork or forms to be filled unless it is absolutely necessary.

  • Step 4: Discussing your Options

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    The broker will then explain what we think is possible (from the widest view of the market), what it will cost, what the process will be and what the risks or problems to be overcome are.

  • Step 5: Agreeing on your Mortgage

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    At this point, if the client is happy, we will set to work on agreeing on the mortgage terms in principle, assembling paperwork and documents to support the case, discussing the lending request with the correct people at the banks we think are best placed and doing as much as possible to ensure the first approach will work.

  • Step 6: Submitting your Application

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    Then, at this point, if the client wishes to proceed with a formal application, our fees are agreed and we set to work on the formal application. 

  • Step 7: Closing the Deal

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    Through the entire process, we will be hands-on and pushing every detail to ensure the transaction is completed as cleanly and quickly as possible, managing all other parties in the process.