
90% LTV Mortgage For US Citizens With Complex Income
The Scenario
Our US citizen clients were looking to purchase a new home in London and wanted to borrow £694,000, but they were having difficulty finding a lender who could meet their requirements.
- This couple was only able to put down a 10% deposit. Obtaining a 90% LTV mortgage as Americans would be challenging with most UK lenders.
- To increase the amount they could borrow, one part of the couple needed to increase his income by £30K. It was possible since he was the company's founder and CEO, but we'd have to find a lender willing to accept an early paycheck in support of the application at the last minute.
- His partner had recently started a new job with a complex bonus structure that needed to be accounted for.
The solution
The mortgage application required specialist knowledge of lenders who would be willing to make a 90% loan to foreign nationals, accept their dual income and underwrite income not yet officially received.
Our team connected them with a major lender who offered them favourable terms at a 90% loan to value.
- Their US citizen status was accepted
- Their complex income streams were accounted for
- We kept their deposit requirement down to 10%
- We were able to get very favourable rates, 1.5% below the standard Foreign National mortgage rates
- We completed the purchase within 4 weeks
This was a complicated mortgage application with lots of hurdles to overcome, but we were able to identify the right lender quickly thanks to our wide knowledge of the market. There are lenders out there who are willing to be flexible and we will always do everything we can to find the right mortgage for 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.
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
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.
Sam 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
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
Jacob 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
Jack 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
Alex Chambers
Senior Finance Broker
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:
Luther 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.
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
Robert Gibb
Senior Finance Broker
Bristol
0117 959 5094
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.
Book ConsultationAdam Arnott
Associate Director
Bristol
0117 205 0214