- Property Value: Above £2,000,000
- Loan Amount: Circa £1,300,000
In this case, Enness was approached by a couple looking to upsize their family home, whilst initially retaining their current property. The client's wealth and asset background meant that a conventional term loan wasn't an option, so we had to look at shorter-term funding to help the client secure the new property.
The challenge for this case was that we needed to find a lender who could get comfortable with the client's wealth background, which, even with bridging lenders, proved to be a challenge. The client could purchase in cash but wanted to keep as much of thier funds as they were.
Enness successfully sourced a lender who could get their heads around the client's circumstances and structured the loan to be secured over both the existing property and the new purchase, keeping the total loan-to-value down and thus reducing the rate to a market-leading one. This was all done in a matter of days, which meant that the client's well-below-market value offer was accepted as we had provided a solution allowing for quick completion.
Enness has access to over 500 Lenders and can present the best possible terms to our clients. We specialise in quickly understanding the client's profile and requirements and finding a lender who can cater to those needs. If you or your clients are in the market for short-term financing and are experiencing difficulties arranging finance, please don't hesitate to contact us.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
