- Client: Expat clients based in the UK
- Challenge: Self-employed income volatility and a high 95% LTV requirement near the £1M purchase level
- Loan Amount: Circa £850k mortgage at 95% LTV
UK-based clients approached Enness seeking a 95% LTV residential mortgage, structured for self-employed applicants, to support the purchase of a property near the £1M level. Both applicants were self-employed professionals whose income had increased significantly in the most recent trading year. Their objective was to secure a high loan-to-value structure that would allow them to proceed while preserving liquidity within their wider financial position.
The primary complexity is related to the applicants’ income profile. Their most recent accounts showed a substantial increase in profit compared with the prior year, meaning many lenders would average income across both years and reduce borrowing capacity. At the same time, securing lending at 95% LTV near the £1M level significantly limits lender availability, particularly where applicants are self-employed and have international elements within the application.
Enness introduced a specialist lender willing to assess affordability using the most recent year’s accounts rather than applying a standard averaging approach. This enabled the clients to proceed at the required leverage level without restructuring their plans or injecting additional capital. The facility remained structured at 95% LTV and aligned with the original objective of maximising borrowing efficiency.
This case demonstrates how specialist lenders can support self-employed applicants with rapidly improving income profiles where conventional underwriting approaches may restrict borrowing levels. By structuring a solution at 95% LTV near the £1M purchase level, Enness enabled the clients to secure their home while preserving flexibility within their broader financial strategy.
