Low Rate UK Remortgage For Briton Living In Norfolk With US$ Earnings

Low-rate UK remortgage for Briton Living In Norfolk with US dollar earnings

Area
Norfolk
Capital Raised
£180K

UK high-street banks are averse to lending to non-UK-taxpayers. And a low-value remortgage isn’t generally enough to encourage them to overcome misgivings.

The Scenario

Our UK-national clients were oil company executives working on contracts across north Africa, paid in US dollars. His wife, also a UK national and joint owner of their house, had recently started her own company, so had no demonstrable history of earnings.

With the fixed-rate mortgage on their Norfolk home ending, they were looking to remortgage.

But the mortgage they needed was below the £250K threshold most lenders will consider for expat earnings without imposing a punitive interest rate

The Solution

Discussing our client's financial situation with them, it emerged that they had 15 credit cards and purchase agreements which could be consolidated at a lower interest rate.

Adding their credit balances to our clients’ remortgage took their desired loan amount to £180K. We persuaded a preferred lender to make an offer at a very competitive rate for a two-year fixed mortgage based on US dollar earnings.

The lender was willing to pay for the property valuation (an on-site visit), so there were no up-front costs to our clients and the offer was agreed upon within a fortnight.

In a similar situation? Please call our mortgage expat team on +44 203 900 4322 or book a callback into our diary at a time that suits you.

Scott Dutfield

Finance Broker

Cardiff

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Carly Cheeseman

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Bristol

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Nick Kerley

Finance Broker

Cardiff

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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.

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Louis Levine

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Sam Baker

Finance Broker

Cardiff

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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 

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Fergus Allen

Senior Finance Broker

Cardiff

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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.

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Jacob Phipps

Finance Broker

Bristol

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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 

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Jack Spillane

Finance Broker

Bristol

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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. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

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Alex 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.

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Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

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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.

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Sam ONeill

Senior Finance Broker

Bristol

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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.

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