£2.2M Buy-to-Let Mortgage for Dubai Expat Investment Property

A Dubai-based couple approached us for support in purchasing a high-value investment property in Cirencester worth £2.9M. Having worked with us previously, they trusted Clifton Private Finance to handle the complex lending requirements that come with international income and high-value UK property purchases.

Time was of the essence. The clients needed to move from initial enquiry to offer in under a month, and we were able to deliver through expert management of the process and our private bank relationships.

Scenario

The husband, a senior partner working in Saudi Arabia and living in Dubai, earns £232K per annum plus a £500K bonus. The wife is self-employed, but her income was not factored in. The couple wanted to purchase a £2.9M property as an investment with the intention of moving into it at a later date, supported by rental income of £9.5K per month.

Due to the rental income exceeding £100K per year, the deal fell under commercial lending criteria with most high street lenders.

Challenges

The main complexities stemmed from the client’s international profile. There were multiple sources of income from Saudi Arabia and Dubai, a recently changed employment status, and global banking arrangements requiring enhanced due diligence.

Additionally, the couple had limited UK rental history, having owned just one investment property for less than a year.

Solution

We sourced a private bank willing to consider the client’s full bonus structure and income from both roles, while also understanding the future intention to occupy the property.

Our strong relationship with the bank also allowed us to fast-track the typically lengthy onboarding process.

Result

The £2.2M mortgage was approved quickly, with terms that reflected the client’s high net worth profile and global financial situation. The offer was secured within weeks, from initial contact in early September to offer in early October, allowing the clients to exchange on schedule.