British Expat With Complex Income Finance To Buy Residential Property In Bath

The Scenario

Our client, a high-value earner British expat residing in the Cayman Islands, wanted to purchase a residential home for his family in Bath worth £1M.

His family had been renting the property in Bath for two years when their landlord indicated that he wanted to sell.

Unfortunately, the landlord of the client’s family home could not afford to wait and would likely accept the first offer. This meant that the client was in danger of losing his family’s rented accommodation to another buyer.

Our client approached multiple traditional lenders for adequate property finance to purchase the property his family called home.

Due to his complex income, foreign currency salary and location, every high street bank rejected his application for property finance.

Our Solution

We recognised the client’s needs and understood why his family would not want to move from the property they had lived in for two years.

We approached a private bank and were able to secure a £750,000 interest-only mortgage for our client.

We were able to negotiate and obtain an owner-occupied, regulated, residential mortgage with a rare loan to value of 75%. This unique financial solution enabled the client to buy the property in Bath and secure a family home for his UK-based relatives.

In a similar situation? Please call our expat team on +44 203 900 4322 or book a callback into our diary at a time that suits you.