
Low-rate UK remortgage for Briton Living In Norfolk with US dollar earnings
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 their misgivings.
The Scenario
Our UK-national clients were an oil company executive working on contract 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 coming to an end, 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 clients’ financial situation with them, it emerged that they had a total of 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 1.74% for a two-year fixed mortgage.
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 within a fortnight.
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.