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

Area
Edinburgh
Capital Raised
£420K

The Scenario

We were approached by clients who had been working in the USA since 2010, but were now preparing for their move back to the UK in two months' time. 

They'd recently combined a visit to family back in Scotland with looking for a rental property - to give themselves a breathing space before buying.

They had factored in the costs of a double-move, and hadn't expected to be seriously house-hunting. But a switched-on real estate agent showed them a property for sale in Edinburgh that was exactly what they wanted.

So now they were up against a deadline to secure this dream home, with a vendor who was quite uncertain they'd be able to follow through with the purchase. 

Our clients were unsure of their mortgage options. Their application would be processed while they were back in the States, and they would continue to be paid in USD once they were back in the UK. And they needed to move quickly. 

The Solution

We clarified the situation for them: they would be applying as expats, but with a bit of hard-nosed research we thought we could find a rate for them that wasn't wounding in comparison to UK-based borrower rates.

Our experience in arranging UK expat mortgages meant we were able to get them an agreement in principle from a UK lender within 48 hours. For the full borrowing of £420,000 they needed: and at 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 who would pay for the property valuations fees.

Future home secured. 

 

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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