Specialist high net worth mortgage brokerage Enness has launched an international arm.
Headed by Marion Feracci, Enness International will cater for clients looking to acquire or refinance overseas property, specifically in Monaco, France, The Balearics and Switzerland.
The team will handle residential, commercial, bridging and development from a newly opened office in the Port of Fontvieille in Monaco, as well as its existing office in Mayfair.
Hugh Wade-Jones, 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.
“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.”
Enness International is planning to open a second office in the Dubai International Finance Centre in the third quarter of this year.
Ms Feracci joined Enness in 2016 and spent three years in Monaco working for Compagnie Monégasque de Banque.
She said: “Having previously been a resident of Monaco for a number of years, there is certainly a gap in the market for a mortgage brokerage who can support clients with their property finance requirements across jurisdictions in Europe.
“The launch of Enness International responds to the changing ways high net worth individuals are approaching their property investments and I am delighted to be a part of it.”
damian.fantato@ft.com
