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), 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 multi-national.
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 proceeed with his second buy-to-let investment.
More information about UK expat mortgages.
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.