Key Details:
- Client: First-time buyers in their twenties
- Challenge: Securing high loan-to-value borrowing for first-time buyers with limited employment history
- Loan Amount: Mortgage at approximately 91% loan-to-value on a property valued at circa £1.125 million
Two first-time buyers in their twenties approached Enness Global seeking finance to purchase a London residential property valued at approximately £1.125 million. Although both clients had strong career trajectories and clear long-term earning potential, they had relatively limited employment histories. With a deposit of circa £100,000, they required a mortgage at approximately 91% loan-to-value, subject to lender criteria, in order to complete the purchase.
The transaction presented several challenges. Many mainstream lenders apply lower maximum loan-to-value limits for higher-value properties and may take a cautious approach to applicants early in their careers. Shorter employment histories can also restrict borrowing capacity under conventional affordability models, despite strong future earning prospects.
Enness introduced the clients to a lender prepared to take a broader view of their overall financial profile, considering career progression and long-term affordability alongside current income. A bespoke mortgage was arranged at approximately 91% loan-to-value, subject to lender criteria, with a two-year fixed-rate period designed to provide payment certainty during the initial years of ownership.
This case demonstrates how specialist mortgage structuring can support first-time buyers whose long-term financial prospects may not be fully reflected by conventional lending criteria.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability and lender criteria. Loan amounts, loan-to-value ratios and lending structures are indicative only and may vary depending on individual circumstances and market conditions. Enness Global acts as a credit broker and not as a lender.
Risk Warning
Your property may be repossessed if you do not keep up repayments on your mortgage or any debt secured against it.
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.
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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.
