Since 2007, Enness has built up a network of commercial, challenger and private banks who regularly offer large mortgages without assets under management.
Dry lending will not be a possibility for everyone. You will need to have significant (often liquid) assets that offer lenders comfort in your ability to repay your mortgage. Lenders will also look at your profile, financial background and how much risk they associate with lending to you for this specific property purchase.
How you present your case – and who you present your case to – is also paramount. Dry lending can be an option if you approach lenders directly, but most prefer introductions from parties like Enness. Some lenders will consider you for dry lending without an introduction but accessing the right team and presenting your case is a challenge if you are not used to negotiating this specialist type of finance. Most banks will always prefer to have assets under management if they can, and how you present yourself will be central to how easy (and in some cases if) dry lending is a possibility.
You can use stock portfolios, property assets and other collateral to secure the best interest rates and repayment terms without AUM. As with most high-value loans, there is no one size fits all for this type of finance. However, Enness will build an offer around your circumstances, ensuring your property finance package meets your requirements and situation.