Skilled Worker Mortgage Secured for London High-Rise Flat

Skilled Worker Mortgage Secured for London High-Rise Flat

Area
London
Capital Raised
£432k

A couple recently approached us looking to buy their dream flat in London. They were foreign nationals living and working in the UK and earning good wages.

One was an Australian national living in the UK on a skilled worker visa for their work as a contractor. And their partner was a French marketing manager living in the UK as a dependent of their partner.

The Scenario

They had their hearts set on a high-rise apartment in central London valued at £480k. Unfortunately, they’d been rejected by every lender they’d approached because they weren’t UK nationals.

They were then directed to a major UK lender they’d been told would be open to lending to foreign nationals but were rejected due to adverse credit.

So, it was imperative for our team to get this right.

Despite substantial earnings, it can be difficult for foreign nationals to secure a mortgage from high-street lenders – they're not set up to process this type of application. Their prowess is churning out large volumes of standard UK mortgages for the everyday applicant, not moulding bespoke solutions that require a little extra vetting and some specialist underwriters.

Not only this, but the building of the flat our clients were looking at had a history of cladding issues and was close to a train line, which lenders don’t like. This meant our broker had a razor-thin margin of lenders who would be open to these circumstances.

The Solution

They had only two lenders to choose from, and one had already been approached previously.

However, our broker had a pre-established relationship with the second lender. He knew that this bank had a specialist team who could navigate the complexities of our client’s circumstances.

It was this expert knowledge and dedication to getting results that secured our clients the mortgage they needed.

Our broker spent a week working with a surveyor to make sure that the application didn’t fail on account of the past cladding issues, and got additional confirmation that the lender was happy with the train lines nearby before he pushed through the application.

The clients also wanted a 2-year fixed mortgage, but at the time of the application, there were no products available. So, our broker kept a close eye on the market and jumped at the first 2-year fix product that came up. We secured a 90% LTV mortgage with a 2-year fix – exactly what our client was after but had been unable to secure themselves.

Our clients were able to buy their first property together, and we helped make sure their journey towards homeownership was a smooth one.

Max Mallinson

Finance Broker CeMAP

Cardiff

0117 332 5977

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.

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Jonathan Moffatt

Head of Business Finance

Cardiff

0203 880 8890

Do you need help sourcing your own business finance?

I have extensive experience securing finance for a wide range of businesses. Book a free telephone consultation with me at a time to suit you. 

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Alex Morris

Private Client Adviser

Bristol

0117 332 5061

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.

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Scott Dutfield

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

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Carly Cheeseman

Head of International

Bristol

0117 457 9922

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.

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Nick Kerley

Finance Broker

Cardiff

0117 959 5094

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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

Finance Executive CeMAP

Bristol

0117 457 7862

Are you looking for a similar type of property finance?

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Clifton Private Finance

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Sam Baker

Finance Broker

Cardiff

0117 959 5094

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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

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.

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Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

Are you looking for a similar type of property finance?

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

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. customDatabaseField-8455

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.

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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.

Book a telephone consultation at a time that suits you.

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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. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

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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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