London mortgage for self-employed trader moving back to UK from Dubai

Area
London
Capital Raised
£750K

The Scenario

Our client is an online trader in European markets who was moving his family back to the UK from the tax-free jurisdiction of Dubai.

They were buying a house in London and needed to borrow £750K of the £1.6M purchase price.

He had annual income of more than £500K, but the issue was going to be establishing his earnings record.

He had no tax records from Dubai and had just formed a new limited company in the UK.

The Solution

Hesitant lenders would be wanting him to wait for one to two years to establish a record of taxable earnings in the UK.

In the absence of tax records, we advised him that what we needed were accounts from a UK-based accountancy firm showing his earnings in Dubai over the past two years.

The records his accountant produced were very basic: turnover, expenses and profit for each year, but they were sufficient for the private bank we approached, where we have a good relationship with the head of lending.

He approved the accounts within 24 hours, leaving only a standard valuation needed before the mortgage offer was made.

Our UK mortgage service for returning expats

 

Jack Spillane

Finance Broker

Bristol

0117 959 5094

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.

Mathew Phillips

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.

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.

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. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

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.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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