- Client: US national resident in the UK
- Property: Prime London residential property
- Facility Amount: £2,650,000
- Structure: Interest-only mortgage accommodating foreign-currency bonus income
Enness Global was approached by a US national who had been resident in the UK for several years and was seeking to purchase a prime residential property in London. The client earned a base salary in the UK, supplemented by a significant annual bonus paid in a foreign currency. The deposit for the purchase was also being transferred from overseas, creating a cross-border financing requirement.
The main challenge was presenting the client’s income in a way that accurately reflected their overall earning capacity. Many mainstream lenders were primarily focused on UK-earned income and were unwilling to give full consideration to bonus remuneration paid in a foreign currency. The international source of the deposit added a further layer of complexity, requiring a lender comfortable with overseas funds and cross-border financial arrangements.
Enness Global identified a lender experienced in assessing international income and complex asset structures. The lender was able to take a broader view of the client’s remuneration, including the foreign-currency bonus, when assessing affordability. It was also comfortable with the deposit being sourced internationally, subject to the appropriate verification and lender requirements.
The resulting £2.65 million mortgage was structured on an interest-only basis, aligning with the client’s preference for lower ongoing monthly commitments and greater flexibility. The structure provided a range of potential future repayment routes, subject to the client’s circumstances and lender terms, including refinancing, using future liquidity or selling the property and downsizing.
The client secured the required financing through a lender able to accommodate both their international income profile and overseas source of funds. The solution allowed the purchase to proceed while providing flexibility around future capital repayment and broader financial planning.
This case demonstrates how specialist mortgage structuring can support globally mobile clients whose remuneration and assets span multiple jurisdictions. By looking beyond conventional UK income criteria and accessing lenders with experience in cross-border borrowing, Enness Global can identify bespoke financing solutions for high-value residential purchases.
Important:
With an interest-only mortgage, monthly payments cover interest only and do not reduce the capital balance. The original loan amount remains outstanding and must be repaid at the end of the mortgage term through a suitable repayment strategy.
Disclaimer:
This case study is for illustrative purposes only and does not constitute financial, legal, tax or investment advice. Finance is subject to status, underwriting, asset suitability, jurisdiction and lender criteria. Terms and outcomes will vary depending on individual circumstances and are not guaranteed.
Risk Warning:
Your property may be repossessed if you do not keep up repayments on your mortgage or other borrowing secured against it. Where income is received in a foreign currency, exchange-rate movements may affect affordability and the cost of servicing sterling-denominated borrowing.
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.
