Key Details:
- Refinanced circa £1.5 million private bank facility on a listed rural estate
- Multi-title estate with legal restrictions; low-income profile
- 36-month interest-only facility, fully rolled, no early repayment charges
- Pre-agreed credit secured before existing facility repayment
- Focused on execution risk, sequencing, and certainty of funds rather than leverage
The client had recently retired and owned a listed rural estate valued at over £5 million. Income was deliberately low, and the client required circa £1.5 million for three years to refinance an existing private bank facility and create liquidity ahead of a likely future event. With an LTV under 30%, this was an execution risk rather than a leverage challenge.
The estate was legally complex, spanning multiple titles, and the existing facility was uncommitted. Standard mortgages would have failed affordability tests, while bridging loans would have prioritised speed over suitability. Enness focused on structure rather than product, arranging a 36-month interest-only facility, fully rolled with no early repayment charges.
The lender was comfortable with multi-title security and low-income underwriting. Pre-agreed credit was secured before repayment of the existing facility, removing timing dependency. The solution provided a clear runway, capital buffer, and minimal monthly servicing. Legal and funding alignment were prioritised over headline rate, ensuring certainty of funds and asset control.
The case demonstrates that for high-net-worth clients with strong balance sheets but limited income, execution, sequencing, and structuring often matter more than pricing alone.
