A distinctive borrower profile emerged through 2025 as long-resident non-domiciled owners sold principal London residences in response to the abolition of the remittance basis. Many of these sellers are not leaving London, they are downsizing, often trading a £15 million-plus super-prime home for something in the £7 million to £10 million range, while retaining a genuine base in the city.
Speak to GMG about releasing equity from your UK property. Donald Klip, Co-Founder and CIO, Global Mortgage Group.
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This transition creates a specific and recurring financing need: bridging the gap between the sale of the original property and completion on the smaller replacement, particularly where proceeds from the original sale are held in structures that take time to unwind, or where the family wants to secure the new property before the original sale has fully completed.
Why Timing Rarely Aligns Cleanly
Selling a super-prime London property is rarely a fast process, and the buyer of a £15 million-plus home is frequently themselves navigating a complex, structured purchase. Meanwhile, the smaller replacement property the seller wants to buy may come to market on its own timeline, entirely independent of when the original sale completes. Bridging finance allows the seller to secure the new, smaller home without waiting for the original sale's proceeds to be fully available and repatriated.
"The non-dom seller downsizing is often asset-rich beyond question, but temporarily cash-constrained in a very specific way: their capital is tied up in a sale that has not yet closed. A short bridge against the incoming sale proceeds is usually the cleanest way to secure the next property without losing it to a buyer who can move faster."
- Donald Klip, Co-Founder and CIO, Global Mortgage Group
Structuring Considerations
Where the original property was held through a trust or offshore structure, the replacement purchase is frequently made through the same or a similar vehicle, reflecting the family's ongoing succession and tax planning rather than the specific non-dom rules that prompted the original sale. Financing for this buyer profile should be structured with that continuity in mind, working with the family's existing trustees and advisers rather than treating the transaction as an entirely fresh relationship.
What Non-Dom Exit Sellers Should Plan For
- A realistic timeline gap between the original sale completing and the new purchase closing
- Whether sale proceeds are onshore, offshore, or held within a structure that takes time to access
- Whether the replacement property will be held in the same vehicle as the original
- A clear bridging exit strategy tied to the specific expected date of sale completion
About Global Mortgage Group
Global Mortgage Group (GMG) is a Singapore-headquartered cross-border real estate finance firm operating across 23+ jurisdictions, specialising in equity release, bridging loans and structured property finance for international property owners. GMG works with private clients, family offices and their advisers to unlock capital held in prime residential real estate.
Donald Klip, Co-Founder and CIO
