UK Expats Remortgage London Buy to Let Property to Fund House Purchase in Thailand

UK Expats Remortgage London Buy to Let Property to Fund House Purchase in Thailand

Area
London
Capital Raised
£350k

Raising funds as a UK expat living abroad isn’t easy, particularly if your income is a combination of salary and bonus.

Throw in the prospect of using the funds to buy an overseas property, and your options shrink to a small number of specialist lenders that can be hard to find.

The Scenario

Our clients were a UK expat and a Belgian national living in Thailand.

  • They wanted to remortgage their existing buy to let property in London, valued at £1.4m.

  • They had £350k outstanding on their current mortgage and wanted to raise a further £350k.

  • The £350k raised was for multiple uses, including taking funds abroad to purchase a property in Thailand.

  • One was a partner of a law firm, and their income was a mixture of on-target earnings and annual salary.

  • They were struggling to find a lender comfortable with their income, location, and intended use of funds.

The Solution

We approached the most relevant specialist mortgage lenders that could account for our clients’ income and their expat status.

We arranged a deal with a trusted lender who wasn’t fussy about our clients' use of funds, as long as it was legal.

They were a specialist expat mortgage provider, so also accepted the foreign nationality of our Belgian client.

Within 1 month, we secured finance:

  • At 50% loan to value (although we could go up to 75% LTV for this type of case)
  • With low-interest rates
  • A competitive fee
  • And the freedom to purchase their Thai property

Without speaking to Clifton Private Finance our clients were struggling with standard mortgage lenders who just aren’t equipped to take on complex and unique expat cases.

They don’t have the time and resources to invest in difficult scenarios that take extra diligence and consideration.

Related Blog: Living in Thailand? How to Get a Uk Expat Mortgage

Speaking to a specialist mortgage broker here was the quickest and most efficient way of getting the best options, hassle-free.

If you’re a UK expat or foreign national needing property finance, but struggling with high-street lenders, speak to us today to see how we can help.

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. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

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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