UK national working in the US, paid in dollars but not classed as an expat mortgage borrower

Capital Raised

When is an expat UK mortgage applicant not an expat? When an experienced mortgage advisor takes the time to get inside the details of their personal circumstances.

The Scenario

Our client is a UK national who works in construction for a major US power corporation. Since 2005 he’s been dividing his time between the company HQ in Virginia and rural Northamptonshire where his children are.

He has been renting accommodation in both places, but wanted to feel more settled in his Northamptonshire home and managed to persuade the owner to sell to him.

It’s a four-bedroom, picture-postcard thatched cottage (and it has actually featured on a postcard…), valued at £695K.

He’s a high-earner: with regular bonuses he’s bringing home upwards of £50K a month.

He wanted to borrow 85% of the purchase price, but his high-street bank of 32 years turned him down. They didn’t like his foreign-currency earnings: as far as they were concerned he was an expat.

The Solution

We looked at his regular pattern of return trips to pick up his life in the UK and were confident he should qualify for a UK-resident borrower, despite his US$ earnings.

The lender we took his application to needed a bit of convincing. Initially they wanted to see all his boarding passes for the past year to confirm his time back in the UK, but we persuaded them that the records of his credit card spending would be sufficient.

We had the offer for his two-year fixed mortgage, at a very competitive 1.71%, in hand within 10 days.  

Review of mortgage advisor Alex Chambers Clifton Private Finance

Mathew Phillips

Finance Broker


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


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


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


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


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


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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