- Client: UK family relocating offshore
- Challenge: Dual-property structure involving refinance and offshore acquisition
- Loan Amount: Circa £2M mortgage approved at 75% LTV
A UK-based family approached Enness seeking funding to support their relocation offshore, where they planned to purchase a country property valued at circa £3M. The strategy involved securing a mortgage against the new property while simultaneously refinancing their existing UK residence to release deposit capital. Following relocation, the property was intended to transition into a long-term investment asset.
Structuring finance for offshore property can present additional complexity compared with mainland UK lending, particularly where transactions involve multiple linked facilities and self-employed applicants. Both clients were self-employed, with income derived from multiple sources, creating a layered assessment of affordability. In addition, financing certain rural property types in offshore jurisdictions can require a specialist lender appetite due to property and jurisdictional nuances.
Enness coordinated a two-part lending strategy incorporating a refinance facility secured against the existing UK residence alongside a new mortgage approved at 75% LTV for the offshore purchase. The refinance was also structured at 75% LTV to release deposit capital efficiently while preserving longer-term investment flexibility once converted to an investment asset. Full credit-backed terms were secured with a specialist lender experienced in offshore lending, before the transaction ultimately not proceeding for reasons unrelated to financing.
This case highlights how coordinated multi-property funding strategies can support relocation planning involving offshore property acquisitions. By aligning refinance structuring with acquisition funding, Enness delivered a cohesive lending solution designed to support both the move and the client’s longer-term wealth positioning.
