Enness Global

03/02/2023

Your clients needs to raise signficant debt, very fast: what are the options, and which assets can they raise finance against?

Bridging finance, securities-backed lending and luxury asset finance can all be used in various of scenarios, making them flexible and fast ways to access liquidity. We work with private client advisers from around the world to arrange these types of loan for high-net-worth individuals.

We can help even if your client wants to borrow a very large amount, if they have unusual or ambitious plans, or if you are faced with sourcing a finance package a situation where it may be challenging to use conventional debt:

01/02/2023

Corporate trustees often face challenges when they need to arrange finance for a trust.

We explore how Enness can help them overcome these difficulties and cover key considerations corporate trustees need to keep in mind with regards to meeting their fiduciary duty to trust beneficiaries, especially in complex, high-value financing scenarios:

https://www.ennessglobal.com/insights/blog/how-we-help-corporate-trustees-meet-their-fiduciary-duty-regards-debt

Corporate trustees have a legal duty to act in the best interests of the beneficiaries of the trusts they administer.

31/01/2023

How To Get The Best Mortgage in 2023

27/01/2023

American National & Resident • Central London Property • Loan: £1,020,000

In this case, we were approached by an American national and resident who needed to finance the purchase of a London property ahead of an upcoming move to the UK. The client was looking for a 75% loan-to-value mortgage and a product with no early repayment charges, which we delivered to them against a tight deadline.

Learn more: https://www.ennessglobal.com/insights/case-studies/london-property-finance-american-national-and-resident

26/01/2023

If you have clients that want to buy Spanish property this year, join Enness and Buckles Solicitors LLP on Thursday, 2 February for a webinar: Preparing your English Clients for Spanish/Balearic Islands Property Purchases.

Monica Bisci of Enness will be speaking with Julia Hutchings and Isabel Perez of Buckles. Together, they will cover the key differences between the Spanish and English property purchase processes, how to finance high-value Spanish property and other key considerations for high-net-worth individuals, including ownership structures, tax and succession planning.

The event is free, and you can register here: https://www.eventbrite.com/e/bucklesconnect-enness-global-preparing-clients-to-buy-spanish-property-tickets-474150556077

24/01/2023

Here's how we think the current economic outlook will affect high-value borrowing this year:

• There is some rebalancing of UK mortgage costs with costs some lenders reducing their rates. Borrowers are seeking advice on how to get the best deal and when to move forward with an application especially given the mortgage market is changing so rapidly.

• High-net-worth individuals are exploring mortgaging options 8-9 months in advance of their term coming to an end - further ahead than was needed when interest rates were lower. Many are looking at product swaps and waiting for the right moment to move forward as the lending market changes and different products become more competitive

• European prime property remains popular. We expect that UK and European buyers may find they are increasingly competing with Americans and dollar buyers who want to benefit from currency savings and European mortgage rates.

• Many corporates are looking to access finance to capture potential growth, restructure, gain market share and potentially buy out struggling competitors.

• Certain corporate finance products will come into their own this year as individuals and UK businesses look to manage and optimise cash flow. We believe that corporation tax loans, VAT loans and income tax loans may be more widely used.

• In 2022, we saw increased demand from wealthy US, UK and Middle Eastern nationals looking to borrow against their securities. We also believe we may see more significant growth in Asian markets than in European and US markets this year

• Borrowers with more unusual or complex scenarios or those that need to solve short-term liquidity challenges may find that private debt is one of the best sources of liquidity this year

23/01/2023

With proven experience arranging high-value loans for high-net-worth individuals, entrepreneurs, business owners and corporates, Enness will be able to secure financing for your clients, even in complex scenarios or when you are working against the clock.

Learn more: https://www.ennessglobal.com/insights/finance-products

20/01/2023

What are the main advantages of Income Tax Loans?

Income tax loans allow individuals to take out a loan to cover their income tax liability. Lenders will usually pay HMRC directly, and your client will pay the lender back in fixed monthly amounts over the loan term – usually between 3-12 months.

Some of the other main benefits include:

• Cover a UK income tax liability, with your client paying it off in monthly tranches
• Facilitate cash-flow management and removes the burden of paying a tax bill as a lump sum
• Large loans of £100,000 or more are possible
• We can negotiate these in just a couple of days
• Simple process: a lender will settle your clients' liability with HMRC directly, and your client will pay the lender back on a monthly basis.
• Available if your client is in a good financial position overall but lacks the immediate liquidity to pay their income tax bill by the January 31st deadline, therefore avoiding penalties and interest from HMRC
• Competitive rates
• If your client has already paid their income tax bill, reimbursement is available

19/01/2023

Mortgage rates rose significantly in 2022, and with the Bank of England expected to increase the base rate further, mortgages are likely to become more expensive in 2023.

Here's what anyone buying high-value property or remortgaging needs to know about how to get the best mortgage this year.

Mortgage rates have risen in 2022, and with the Bank of England expected to increase the base rate, mortgages are likely to become more expensive in 2023.

17/01/2023

With proven experience arranging high-value loans for high-net-worth individuals, entrepreneurs, expats, business owners and corporates, Enness will be able to secure financing for your clients, even in complex scenarios or when you are working against the clock.

16/01/2023

As a leading debt advisory firm, Enness arranges high-value mortgages for residential property and buy-to-let investments, as well as bridging loans. We work with high-net-worth individuals and their advisers from the UK and around the world to arrange and negotiate bespoke property finance packages, tailored to meet their financial situation and wider requirements.

This week, we shine the spotlight on some of the latest financing products available on the market, including UK residential and buy-to-let mortgages, expat mortgages and bridging loans.

See more: https://www.ennessglobal.com/insights/finance-products