£525k Mortgage for Professional YouTuber Paid in Swiss Francs to Buy New Home in Wales

£525k Mortgage for Professional YouTuber Paid in Swiss Francs to Buy New Home in Wales

Area
Wales
Capital Raised
£525k

Getting a mortgage with self-employed income can be a challenge.

Banks typically view self-employed income as less reliable compared to employed, contracted earnings - your income is more vulnerable to market changes and performance drops, so you could be more likely to default on your mortgage payments.

Throw in the added complications of earning money as a YouTuber – a relatively new profession that banks aren’t too familiar with – and being paid in a foreign currency like Swiss Francs, and it could feel like the odds are stacked against you.

This is why our client came to us for help...

The Scenario

Our client was a British expat earning considerable income from his YouTube channel, looking to purchase a home and move back to the UK to be closer to family.

He was currently living in Switzerland, meaning that his YouTube income was paid in Swiss Francs.

Because of this, he was having trouble finding a lender that would accept his application. Most UK banks and mortgage providers don’t accept it as a currency and there are only a few options to choose from.

Moreover, although he had two years of tax returns, his profession was unusual and in a young industry that banks don’t have a history of dealing with.

He was also a first-time buyer and wasn’t sure if he had a good UK credit score, having lived abroad for a number of years.

The Solution

Our broker immediately knew the two lenders in the market who’d accept Swiss Francs on a residential mortgage application - and one was a high street lender.

If you can push a complex mortgage application through with a high street bank, you can save a fortune on interest rates compared to going with a private bank or specialist lender - so we were delighted to be able to do so for this case.

Our adviser liaised with the clients’ solicitors and accountant and the underwriters at the bank to smooth over any issues they had with his self-employed income, and the mortgage terms were offered:

  • 75% Loan to Value (LTV) mortgage
  • With the lowest interest rates and set up fees going

The lender was also able to accept an overseas credit report for his application. It’s rare for lenders to do this, but was crucial to getting the mortgage accepted in this case.

Expat UK Mortgage INformation Hub, Clifton Private Finance

 

Louis Levine

Finance Executive CeMAP

Bristol

0117 457 7862

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George Abouzolof

Finance Broker

Bristol

0117 403 3444

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for expat clients. Book a free telephone consultation with me at a time to suit you 

book a telephone appointment with one of our brokers today

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Bridging Team

Clifton Private Finance

Bristol

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Sam Baker

Finance Broker

Cardiff

0117 959 5094

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you 

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Fergus Allen

Finance Broker

Cardiff

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Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you 

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Jack Spillane

Finance Broker

Bristol

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Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

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Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

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Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

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I have extensive experience finding residential and investment property finance for UK and international clients. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

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I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you 

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Robert Gibb

Senior Finance Broker

Bristol

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Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

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Adam Arnott

Associate Director

Bristol

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