- Clients: Self-employed UAE residents
- Property Location: French Riviera, France
- Purchase Price: €1,500,000+
- Mortgage Amount: 100% Loan-to-Value (LTV)
- Assets Under Management (AUM): 30%
- Rate: Competitive Fixed Rate
- Term: 25 years
Enness was introduced to these clients through a recommendation from their solicitor. The clients, both self-employed and residing in the UAE, were seeking to purchase a second home on the French Riviera. Their objective was to acquire a high-value villa for personal use while generating rental income during periods when the property would be unoccupied.
Although the clients preferred a conventional retail mortgage rather than a private banking facility, their self-employed status and UAE residency created significant challenges. French banks can be cautious when lending to international, non-resident borrowers, particularly those without locally based income or tax residency.
Enness successfully secured terms for a specialist mortgage through a ender operating as a hybrid between a traditional retail bank and a private bank. This institution was uniquely positioned to offer 100% financing of the purchase price, with the condition that 30% of the property’s value be placed under management.
This structure provided multiple advantages:
- Flexible underwriting supported by the clients’ investment portfolio
- Competitive fixed rate over a 25-year term
- Potential to offset mortgage costs through investment returns on the AUM
- IFI tax mitigation, as the 100% LTV structure reduced the client’s exposure to France’s wealth tax on real estate (Impôt sur la Fortune Immobilière)
The final arrangement combined a 100% LTV mortgage with a French bank account and a professionally managed, diversified investment portfolio. The result was a comprehensive, strategic financing solution that met both the clients’ lifestyle and investment goals.
If you or your clients are exploring mortgage options in France, high-value French property finance, or cross-border mortgages for UAE residents, Enness can provide access to bespoke solutions and international lenders. Contact us for a discreet discussion about your French property financing requirements.
