Key facts:
- Client: British National, US Resident
- Property type: Investment property in Mayfair
- Property value: £21,000,000
- Loan amount: £14,700,000
- LTV: 70%
- Rate: 2.29% 10-year fixed
A large portion of Enness' client base are overseas investors. You may be buying in the UK as a foreigner or expat, be that investment property, a holiday home, or simply adding real estate to your portfolio. In this case, we were approached by a US resident looking to buy an investment property in Mayfair.
Situated on Grosvenor Square, the property was valued at £21,000,000. The client wanted to raise a mortgage against the property in order to complete an Inheritence Tax efficient purchase.
As one of the UK’s largest producers of million-pound mortgages, we are well-positioned to assist should you be interested in taking out a mortgage in this category, but also have various unique requirements that need to be considered in the process. Working with us, you can more readily benefit from exclusive lenders who work with a strictly limited number of brokers or might not even deal directly with a new client.
As well as getting you the most competitive mortgage rate from our network of lenders, we are also a trusted ally who supports you throughout the purchasing process. If you are thinking of investing in UK property, Enness can help you understand your financing options. If you would like to discuss a potential scenario, get in touch today.
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.
