Buy-To-Let Remortgage For UK Expat Based In Japan

We're often approached by UK expats and foreign national clients who own properties in the UK which are unencumbered (owned outright with no mortgage), and who now want to use the equity they have in that investment to purchase additional property.

The Scenario:

Our client was a British expat living and working in Japan for a large multinational.

He owned a house in London valued at £1.3 million, with no mortgage, which was currently being rented out to tenants for £2.5K pm.

An opportunity had arisen for him to buy a second property in the UK and he needed £410k to put down as a deposit.

The challenges: our client's salaried income was paid in Japanese Yen. And the property he wanted was already on the market and attracting potential purchasers, so he needed to move quickly 

The Solution:

We were able to source a buy-to-let mortgage for £410K from an international lender who was comfortable with our client's salary profile and was able to offer a competitive rate of interest on a tracker mortgage tied to the Bank of England base rate.

The capital release was completed quickly, enabling our client to proceed with his second buy-to-let investment.

More information about UK expat mortgages. 

In a similar situation? Please call our team on +44 203 900 4322 or complete our enquiry form.