Market leading remortgage on a Surrey BTL for Singapore expats

Area
Surrey
Capital Raised
£250K

The Scenario

Our UK-national clients live in Singapore where she’s regional head for a luxury international cosmetics marketer and he’s an engineering estimator.

They needed to remortgage one of the UK rental properties they own: their Surrey house rents for £1,900 a month, and had reverted to their high-street lender’s SVR. They also wanted to release some capital to pay off the mortgage on another property.

Because the wife earns in Singapore dollars they had been directed towards a lender who offered them a fixed three-year rate for expats of 3.83%. Could we beat it?

The Solution

Yes we could. We found them a 2.99% interest-only rate on a 2-year fix (they didn’t want to be tied in for longer). What’s more, this offer could proceed, whereas we knew that the other offer would stall when the lenders understood that some of the funding was to be used to pay off another mortgage.

Our lender’s application fees were £500 lower, and we recommended solicitors who charged a very reasonable fee and were also fantastically efficient.

They’ll be looking for finance on their two other BTLs later in the year,  as well as finance to buy a property in Amsterdam for a student daughter.

Clifton Private Finance broker review

Expat and international property finance at Clifton Private Finance

 

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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