
Ninety per cent mortgage for Britons not resident in UK for past three years
The Scenario
Ah, romance. (And practicalities.)
Our clients were a couple of UK nationals who had been living and working overseas, but now they were married and wanted to buy a home together in the UK.
Except that one of them would continue to work in the US as a senior manager for a food and drink multinational, living in rented accommodation. While the other was a senior Whitehall civil servant, currently sharing a house with his sister.
On paper they didn’t have fixed addresses, or the three-years’ continuous UK residency many lenders look for.
Plus, finances were stretched (as they nearly always are for a London purchase). They needed a 90% mortgage.
The Solution
We identified a lender who wouldn’t be concerned by the inconsistent UK residency, and presented this purchase as the main marital home for both of them – as it clearly would be.
They did have sufficient credit history in the UK, and met the affordability criteria. So we were able to get them a five-year fix for 2.44% - a good rate for a 90% loan.
Louis Levine
Finance Executive CeMAP
Bristol
0117 457 7862
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George Abouzolof
Finance Broker
Bristol
0117 403 3444
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for expat clients. Book a free telephone consultation with me at a time to suit you
Bridging Team
Clifton Private Finance
Bristol
0117 959 5094
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Sam Baker
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
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
Fergus Allen
Finance Broker
Cardiff
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.
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Jacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
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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
Jack Spillane
Finance Broker
Bristol
0117 959 5094
Mathew Phillips
Senior 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.
Book a free telephone consultation with me at a time to suit you
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.
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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.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar?
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
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.
Book ConsultationAdam Arnott
Associate Director
Bristol
0117 205 0214