£1.2m interest only loan for expat property investor

Area
Bath
Capital Raised
£1.2M

The Scenario:

A British expat client based in Singapore was seeking a loan to buy an investment property for £1.6million in Bath. He was looking to borrow 77% of the purchase price on an interest only-basis and needed a flexible drawdown facility with no penalties.

The client was a high net worth individual earning in excess of £500k per year. However, he was a non-dom paying no UK tax, his salary was paid in Singapore Dollars and he had various complex income streams.

Because of these factors, plus the large loan size, high LTV and the need for an interest-only loan, no high street lender was willing to provide the necessary funds. 

Our Solution:

A deal was found with a private bank who specialises in expat finance. They were willing to lend the full £1.23 million the client required (77% of the £1.6m purchase price) on an interest only basis for 5 years.

The bank agreed to the flexible drawdown facility with no penalties at a very competitive rate of 2.75% (2.5% above the Bank of England Base Rate). We negotiated a 0.5% reduction in the interest rate after 2 years, provided a 20% reduction in the loan’s capital was made every year.

This highly competitive loan deal meant the client was able to move forward with their investment purchase while minimising the interest rate on their loan, maximising their return on investment.

Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or fill in our call back form.

Nayeem Sohal

Shariah Compliant Finance Specialist

London Office

0203 900 4322

I have over 25 years experience in providing property finance solutions for UK and International clients. I look forward to hearing from you.

Sam Norris

Senior Finance Broker

London

0203 900 4322

Have a similar situation? I am a specialist in short term property finance for UK and international clients. I look forward to hearing from you.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Require mortgage or short term finance for residential or buy to let property (including HMOs and limited companies)? I have extensive experience on providing property finance solutions for UK and International clients.

Adam Arnott

Senior Associate

Bristol

0117 959 5094

Are you in a similar situation? I have extensive experience in advising clients on providing creative property finance solutions. I look forward to hearing from you.

Paul Adams

Senior Associate

Bristol Office

0117 959 5094

Have a similar situation? I have over 20 years experience in providing property finance solutions for UK and International clients. I look forward to hearing from you.

Sam O'Niell

Finance Broker

Bristol

01172445563

Have a similar situation? I can arrange short or long term property finance when time is of the essence. I have experience in providing property finance solutions for UK and International clients. I look forward to your call.

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