Key Details
- Client: Recently retired high-net-worth individual
- Property Type: Listed country estate
- Property Value: Circa £5 million
- Loan Amount: Circa £1.5 million
- Loan Term: 36 months
A recently retired client owned a listed country estate valued at more than £5 million, held across multiple legal titles. The client’s finances were deliberately structured to generate minimal taxable income, presenting challenges when seeking traditional borrowing.
The client required £1.5 million over a three-year term to refinance an existing facility and create a liquidity buffer ahead of a future capital event. At under 30% loan-to-value, leverage was conservative, but execution risk was the primary concern due to the property’s legal complexity and listed status. Traditional lenders focused heavily on income, making approval unlikely.
Enness structured the transaction as a specialist finance exercise rather than a standard mortgage. A lender experienced in global balance sheets and multi-title security was sourced. The 36-month facility was fully interest-only, with rolled interest, no early repayment charges, and flexible exit options. Pre-agreed credit was secured before repaying the existing facility, ensuring continuity of funds.
The existing debt was cleared, creating a clean runway for the client’s anticipated liquidity event without monthly servicing or refinancing pressure. The transaction highlights how strong balance sheets enable high-net-worth clients to achieve liquidity and flexibility even with limited income.
Property Risk Warning
Property values can fall as well as rise, and you may not get back the amount originally invested. Property may be illiquid and can take time to sell. Where borrowing is secured against property, failure to meet repayment obligations may result in repossession.
