The property, which comprises 55 apartments, required navigation of its complex ownership structure and title documentation.
The transaction involved overcoming challenges, such as multiple ultimate beneficial owners (UBOs) spread across various jurisdictions, ambiguities in planning consents, and discrepancies in the land registry plans inherited from a previous lender.
Despite this, Enness Global and HTB delivered a tailored solution, ensuring the client’s long-term investment strategy remained on track.
Andrea Glasgow, sales director of specialist mortgages at HTB (pictured above), commented: “This transaction highlights HTB’s ability to turn complexity into opportunity.
- B&C Awards 2024: The Video
- HTB completes £3.3m Buckinghamshire development exit before Christmas deadline
- HTB revamps team structure with new BDE in North East
“By collaborating with Enness Global and the borrower’s advisers, we successfully tackled title discrepancies, planning issues, and a multi-jurisdictional ownership structure, ensuring the refinancing was delivered seamlessly.”
Islay Robinson, CEO at Enness Global, said: “Working with HTB on this case was a fantastic example of what can be achieved when lenders and brokers collaborate effectively.
“HTB’s ability to handle the complexities of this transaction, combined with their commitment to delivering a tailored solution, ensured the client received the best possible outcome.
“This is exactly the kind of partnership that allows us to exceed client expectations in even the most challenging scenarios.”
Leave a comment