Enness Global arranges £1.5m refinancing on rural estate

Enness set up a 36-month interest-only facility, fully rolled with no early repayment charges (ERCs).

Enness Global has arranged a £1.5m refinancing for a retired client on a listed rural estate valued at over £5m.

The client had low income by choice and needed the funds for three years to pay off an existing private bank facility and create extra liquidity.

The loan-to-value (LTV) was under 30%.

The estate was split across multiple titles and had legal restrictions.

The existing facility was uncommitted.

Enness set up a 36-month interest-only facility, fully rolled with no early repayment charges (ERCs).

Credit was agreed before the old facility was repaid to avoid any timing issues.

This gave the client a clear runway, capital buffer and low monthly costs.

Legal and funding alignment were prioritised over the headline rate, giving certainty of funds and control of the asset.