The London-based intermediary firm set up a separate division to deal with international loans, after seeing growing demand from high-net worth clients for support with financing their European property portfolios.
The multilingual team, fluent in French, Italian, Spanish, German and Russian will assist clients with every aspect of European real estate finance – including residential, commercial, bridging and development, from a newly-opened office in the Port of Fontvieille, Monaco, as well as on Brook Street in London’s Mayfair.
Hugh Wade-Jones (pictured), managing director of Enness International, said: “We now have the necessary permissions from the Monégasque authorities to officially open our office for business in Fontvieille and the team down there can’t wait to get going. Large international mortgages are something we have been doing for some time at Enness, with well over half of our private office clients looking for overseas financing solutions. The launch of Enness International allows a focused team to offer our clients mortgage advice on their European property portfolio.”
He added: “Recent economic and political changes coupled with those set for the year ahead, including tax changes for non-doms in the UK, will likely encourage foreign buyers to purchase elsewhere. By launching our international offering, we are recognising the need to support clients with the diversification of their property portfolios.”
Headed by Marion Feracci, Enness International will cater for clients looking to acquire or refinance overseas property, specifically those located in Monaco, France, The Balearics and Switzerland. Feracci joined Enness in the summer of 2016 and previously spent three years in Monaco working for Compagnie Monégasque de Banque (CMB).
The launch of the Monaco office is the first of a number of international launches planned with an office in Dubai set to open in quarter three 2017.