UK mortgage on Canary Wharf property, for client working in Malta
The Scenario
Our 39 year-old client works as a management accountant in Malta, where she rents an apartment. Her £34K-equivalent salary is paid in Euros.
She owns two buy-to-lets in the London, and now aimed to buy a £355K apartment in the very desirable E14 postcode (Canary Wharf / the Isle of Dogs) as a base for herself and her partner.
Because she works in Malta, a couple of UK lenders had said they were unable to help her with a UK mortgage
The Solution
We were able to establish that she’s based in Malta Monday to Friday and returns to London at the weekends, and as a result qualifies for a UK mortgage.
The mortgages payable on the two BTL properties could be ignored because the properties are self-financing.
There are a more limited number of lenders who will accept payments in Euros, but we found one that would not take an additional 25% off the affordability calculation for Euro remittances. A two-year fix at 1.5% was just the deal she was looking for.
More about international mortgage applications
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.