- Approximately £980,000 mortgage
- Circa 80% loan-to-value
- Joint borrower, sole proprietor private bank structure
A young client purchasing their first home in prime London approached Enness Global seeking an approximately £980,000 mortgage against a purchase price of circa £1.25 million. The client wanted to maximise leverage at around 80% loan-to-value while ensuring the property was owned solely in their name.
The primary challenge was affordability. While the client had a strong professional career trajectory, their employed income alone was insufficient to support the required borrowing at this level. To overcome this, Enness structured a joint borrower, sole proprietor arrangement, with the supporting family member, a high-earning professional, joining the application to support affordability.
However, the supporting borrower already had a substantial mortgage, meaning his commitments required careful stress testing. A holistic high-net-worth approach was therefore essential. The supporting borrower also held over substantial liquid assets, enabling a private banking solution that considered wider wealth, liquidity, and financial strength rather than relying solely on income multiples.
Enness sourced a leading private bank comfortable with high-net-worth underwriting and complex family structures. The proposed facility was structured over shorter-term arrangement aligned with the supporting borrower’s later-life repayment horizon. The repayment strategy was arranged on a part-and-part basis, a blended interest-only and capital repayment structure..
The application is currently progressing through credit, with the lender supportive of both the borrower profile and the long-term strategy. This case demonstrates how private banking solutions can support higher-leverage borrowing in appropriate circumstancesfor first-time buyers by adopting a holistic view of wealth, family support, and long-term earning potential.
