Mortgages over £1 Million Pounds

House Extension

Many people will be surprised to learn that the million pound plus mortgage market is extremely liquid and very competitive. As a consequence of our ever increasing activity in the UK mortgage market we have completed a large number of mortgages and property loans in excess of £2 million. The majority of these tend to revolve round the London property market which has outperformed the wider UK property market over many years. Indeed, some people believe that the London property market should be considered a different market in its own right.

London property and its perceived safe haven status

Despite the ongoing confusion and concern regarding Brexit, many domestic and international property investors expect London to retain its long-term safe haven status. This is a market which has attracted considerable numbers of overseas ultra-high net worth (UHNW) individuals with the so-called “golden visa” proving extremely popular. It may take a little time for markets to settle as the UK moves towards a European exit but many investors see this as a long-term opportunity.

Securing mortgages over £2 million

Whether looking at buy to let mortgages, commercial mortgages or residential mortgages there is a strong and growing market for those with a value in excess of £2 million. While the number of UHNW investors continues to grow it has become apparent that many are asset rich but often experience short-term cash flow issues. While many high street banks will back away from such complicated transactions, we are more than happy to step to the fore and use our experience and skills.

As a stand-alone finance company we have access to a pool of global lenders with no obligation to choose particular partners. Our independent status ensures we can pick and choose the best deals available on the market, proposing and completing a personalised finance structure. We appreciate that many of our clients will receive income from various foreign currencies, have properties located around the world and investments across many different asset classes. The residency status of many international investors can also add further complications.

Mortgages for international investors

The non-UK domiciled status of many individuals has proven troublesome in the past for some mortgage advisers. Using our network of contacts and strategies accumulated over recent years we are specialists in providing mortgages for international investors of whatever residency status. The legal and tax obligations often associated with international investors can prove troublesome without the correct mortgage finance structure.

Assets under management

Many private banks will require the transfer of funds to an asset management arrangement as security against mortgage funding. This tends to be anywhere from 20% of the total mortgage funding but there is a degree of flexibility with regards to existing assets and income streams. We have specific experience in this area and will be able to assist with including various global assets and income streams within your financial arrangement. The greater the security for the private bank, the more preferential the terms for you.

Call us today and discuss your options

Enness have offices in London, Monaco and Dubai with additional offices planned for the future. Our ever expanding global presence is further enhancing our reputation, knowledge and influence in the world of HNWI lending. Our bespoke approach to deal structures, access to the higher echelons of lending markets and ability to utilise global assets and income streams to reduce financial costs is invaluable. We have a team of dedicated brokers able to negotiate traditional mortgage deals or complex scenarios which are often ignored by the wider banking community.

Are you looking to secure a mortgage in excess of £2 million or you have been refused access to mortgage funding because of a relatively complex financial structure? Whatever the situation, we would welcome the opportunity to chat through your situation in more detail. Using our experience, reach in the market and reputation we are confident of finding the best solution for your situation.

Call us +44 (0) 203 758 9393 or submit your details and a broker will get in touch.

Enness Limited needs the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.

Industry News Signup

Keep up to date with all the latest market news and mortgage advice

Related Solutions