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Posts by Enness Private

What’s happening in the buy-to-let market?

Many will welcome April, bringing sunnier weather and longer days in its wake—but for landlords, a new tax year brings the onset of another round of tax changes for buy-to-let mortgages. Historically, landlords only paid income tax on net rental income. This meant landlords were able to subtract the cost of the interest they paid…

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Brexit and the property market: a year on from Article 50

A year on from the triggering of Article 50, it’s finally been announced that the UK and EU have agreed a large part of the terms for the Brexit transition period.  Although the deal is far from finalised, this should at least provide some clarity—and when it comes to Brexit and the property market, clarity…

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Can a non UK resident get a mortgage?

Due to lender criteria, this information is based on an overseas client securing finance of £250,000 and above.  How can a non UK resident get a mortgage? As someone either looking to buy a property or re-mortgage an existing one from overseas it’s absolutely vital you choose a broker with the widest possible base of contacts.…

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WHAT DO I NEED TO KNOW ABOUT MILLION POUND MORTGAGES?

To secure the best million pound mortgage on a residential or buy to let basis you need to assess the entire market to make sure you are achieving the best possible terms. You also need to be able to weigh up a number of different ways of structuring the loan. If you are looking for…

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Leveraging luxury and classic cars to finance property

We recently wrote on the subject of of leveraging a collection of fine art in order to secure a large mortgage; however, art isn’t the only luxury asset which can be used as security when a client is being considered for a high net worth mortgage. We also work with a lender who will allow…

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Enness partners with specialist to assist clients in releasing profits from SPVs

Challenges to extracting profits from Property Special Purpose Vehicles (SPV) A Special Purpose Vehicle (SPV) is a company set up to capture value from property transactions and developments. Property developers and investors typically use SPVs to contain and manage risks associated with their developments, each of which will have different investor profiles. A typical route…

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HMRC clarifies changes to non-dom status

Back in March when everyone was pondering the ramifications of George Osborne’s eventful Summer Budget, we outlined the key changes to non-dom status in an article for our overseas clients. Then the details were hazy, and there were more questions than answers. Now, the government has released a consultation which we hope will provide answers to…

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When is the best time to sell my home?

‘When is the best time to sell my home?’ The obvious answer is to sell at the top of the market, however in practise, this is almost impossible to know and can come with many other factors to consider. The most popular time to sell a property tends to have always been in mid-spring or…

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