- Client: UK national
- Objective: Refinance circa £3.12m expiring mortgage on prime Belgravia property ahead of sale
- Solution: Circa £3.56m short-term refinance at approximately 60% loan-to-value with interest fully retained
Enness Global arranged a short-term refinance for a prime residence in Belgravia valued at approximately £6 million. The client, a UK national who was not currently employed, needed to refinance an expiring mortgage of circa £3.12 million and required a structure that would avoid monthly servicing while the property was prepared for sale.
The case presented several challenges. With limited income, conventional lenders were unable to support the transaction, and the client required a short-term structure aligned with a clear 12-month exit strategy. An interest-only facility with retained interest was also necessary to ensure no ongoing monthly payment obligations.
Enness Global sourced a specialist asset-backed lender capable of structuring a circa £3.56 million facility at approximately 60% loan-to-value. The loan was arranged on a short-term basis with interest fully retained and no early repayment charges, providing the client with flexibility should the property sell ahead of schedule.
The refinance enabled the existing mortgage to be repaid on time while preserving the client’s liquidity. With the maturity deadline resolved, the client was able to proceed with the sale strategy without pressure, ensuring a controlled and efficient exit.
