£525k Mortgage for Professional YouTuber Paid in Swiss Francs to Buy New Home in Wales
Getting a mortgage with self-employed income can be a challenge.
Banks typically view self-employed income as less reliable than 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. 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 ex-pat earning considerable income from his YouTube channel, looking to purchase a home and move back to the UK to be closer to family.
He lived in Switzerland, meaning his YouTube income was paid in Swiss Francs.
Because of this, he had trouble finding a lender accepting 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 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 several 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 could also 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.
Simon Mullins
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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.
Paige Dumpleton
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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.
Jonathan Moffatt
Head of Business Finance
Cardiff
0203 880 8890
Do you need help sourcing your own business finance?
I have extensive experience securing finance for a wide range of businesses. Book a free telephone consultation with me at a time to suit you.
Alex Morris
Private Client Adviser
Bristol
0117 332 5061
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Scott Dutfield
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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
Carly Cheeseman
Head of International
Bristol
0117 457 9922
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Nick Kerley
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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.
Specialist Car Finance
Broker Finance Team
Bristol
0203 900 4322
Do you need help sourcing car finance?
Speak to our finance team or book a team to speak that suits you.
Book ConsultationBusiness Finance
Business Finance Broker Team
Bristol
0203 880 8890
Do you need help sourcing business finance?
We have extensive experience sourcing unsecured and secured finance for businesses. Book a free telephone consultation with our business loans broker team at a time to suit you.
Mortgages & Short Term Finance
Mortgage Broker Team
Bristol
0117 959 5094
Do you need help sourcing a UK mortgage?
We have extensive experience securing 1st and 2nd charge mortgages. Book a free telephone consultation with our mortgage broker team at a time to suit you.
7 Reasons why you should use a specialist mortgage broker »
Book ConsultationDevelopment Finance
Broker Team
Cardiff
0117 959 5094
Do you need help sourcing UK property finance?
We have extensive experience securing UK development finance. Book a free telephone consultation with our team at a time to suit you.
Expat and Foreign National Mortgages
Broker Team
Bristol
+44 203 900 4322
Do you need help sourcing UK property finance?
We have extensive experience securing UK mortgages for clients based outside the UK. Book a free telephone consultation with our team at a time to suit you.
Louis Levine
Finance Executive CeMAP
Bristol
0117 457 7862
Are you looking for a similar type of property finance?
Get in touch today and find out how I can help.
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Bridging Team
Clifton Private Finance
Bristol
0117 959 5094
Are you in need of a similar type of property finance?
Book a free telephone consultation with one of our bridging specialists today and see how we can help you.
Book ConsultationSam Baker
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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.
Fergus Allen
Senior Finance Broker
Cardiff
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.
Book a free telephone consultation with me at a time to suit you.
Book ConsultationJacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
Are you looking for a similar type of property finance?
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.
Book ConsultationJack Spillane
Finance Broker
Bristol
0117 959 5094
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.
Book a free telephone consultation with me at a time to suit you.
Book ConsultationAlex Chambers
Senior Private Client Adviser
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
Book a telephone consultation at a time that suits you.
Book ConsultationLuther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance?
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.
Book Consultation
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar?
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.
Book Consultation