UK Mortgage For British Expat In The USA Agreed In Principle In 48 Hours For Edinburgh Property

Scenario

We were approached by clients who had been working in the USA since 2010, but was now preparing for a move back to the UK.

The clients had recently visited family in the UK, with the intention of finding a suitable rental property for the move. While they were looking for an appropriate property they found their dream home in Edinburgh but were short on time and needed a funding solution to provide certainty to the vendors that they could follow through on the property transaction.

The clients were unsure of their mortgage options, as they would continue to be paid in USD once back in the UK. They also needed to move quickly, as they intended to move into the property within the next two months.

Our Solution

Due to our experience in arranging expat mortgages we were able to secure a mortgage for £420,000 with a UK lender agreed in principle within 48 hours, with a very competitive five-year fixed rate of 2.09%.

The mortgage term was arranged to age 70 and we were able to find a lender where property valuations fees were paid for.

Through our prompt response the client was able to secure the home they wanted.