Key Details:
- Released capital against a London flat (circa £850,000) to fund a commercial acquisition
- Total borrowing is just under £1.8 million across two properties
- Multi-jurisdictional income and corporate structures considered
- Coordinated private banking solution with portfolio-level LTV management
- Timing-critical execution managed through parallel legal, valuation, and insurance alignment
The client, based in the Gulf with multi-jurisdiction income, owned a London flat outright, valued at circa £850,000. He required capital to fund a UK commercial acquisition, bringing total borrowing to just under £1.8 million across two properties. This was a strategic balance sheet exercise rather than a conventional remortgage.
The primary challenge was coordination: timing dependency was critical as the commercial purchase relied on equity release. LTV ratchets and aggregate exposure required careful modelling, while cross-border income and corporate structures had to be clearly presented to prevent delays. Traditional lenders could not accommodate a holistic balance sheet view or execute quickly enough.
Enness structured a coordinated private banking solution:
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First facility: Circa £578,000, interest-only over 10 years
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Second facility: aligned to portfolio LTV thresholds, maintaining total exposure within acceptable limits
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Legal, valuation, title, and insurance processes managed in parallel to remove execution risk
Equity was released, enabling completion of the commercial acquisition on schedule without forced sale or reactive refinancing. The strategy preserved flexibility and control across both assets.
