Ninety per cent mortgage for Britons not resident in UK for past three years

Area
London E11
Capital Raised
£504K

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.

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.

James Palmer

Senior Associate

London

0203 900 4322

Are you looking for similar property finance? I specialise in development and commercial finance for Clifton - I can find creative and commercially effective solutions for your project.

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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