Key Details:
- Client: Foreign national investor
- Property: Prime UK investment property, circa £950,000, £30,000 annual service charge, £50,000 rental income
- Solution: 75% LTV, 5-year mortgage, 3-year fixed
A foreign national sought to purchase a prime UK investment property with no prior UK financial footprint, relying solely on overseas wealth. The property price was circa £950,000, with £30,000 annual service charges and expected rental income of £50,000, which made it unaffordable for most standard lenders.
Enness introduced a specialist lender capable of assessing the client’s wider asset base, accepting the rental yield after service charges, and structuring a high-LTV mortgage for a foreign national. The facility was set at 75% LTV over 5 years with a 3-year fixed rate and an interest reserve providing a six-month buffer. This allowed the client to acquire the Knightsbridge property fully financed, mitigating execution risk and preserving flexibility.
