Enness Global reports growing demand for Super Prime Property amidst challenging market conditions

By Bridging Loan Directory 22nd July 2024

Enness Global, the international mortgage broker for high and ultra-high-net-worth individuals, business owners and entrepreneurs, today announced impressive performance results for the first half of 2024.

Despite forecasts predicting a reduction in overall UK gross lending in 2024, Enness recorded a 2.1% year on year growth in finance applications, reaching a total of £5.3bn.

Underpinned by a robust average loan amount of £3.0m. Enness’s results underscore the resilience of key super prime property markets, with London and Dubai exemplifying this trend.

Notably Enness experienced a 166.2% surge in average property values, bringing the figure to £20.1m.

In additional to financial growth, Enness expanded its international client base significantly in H1 2024.

The company processed applications from clients of 54 different nationalities, spanning 47 different home markets.

Reflecting Enness’s strengthening international footprint, which includes offices in Dubai, Monaco, Switzerland, Channel Islands as well as the UK.

Commenting on the results Islay Robinson, CEO at Enness Global, commented:

”Our performance in the first half of the year is extremely encouraging, especially given the subdued market outlook and performance commentary that continues to be reported across the UK mortgage market.

The growth in international mortgage applications for super prime property reinforces our relentless focus on serving the needs of high and ultra-high-net-worth individuals.

I am particularly pleased that we have delivered this performance whilst simultaneously expanding our portfolio to incorporate the provision of high-value insurance and protection.

As well as the launch of a new range of high-net-worth services, including company formation and corporate structure support, and succession planning for internationally minded individuals navigating government approved citizenship and residency channels.

With potential interest rate reductions on the horizon, inflation seemingly back under control and the healthy breadth and depth of super prime stock available, we are hoping to build further on these results in the second half of the year.”