UK Expat Mortgage for High-earners Paid in Two Foreign Currencies

UK Expat Mortgage for High-earners Paid in Two Foreign Currencies

Area
Cheshire
Capital Raised
£600k

Getting a UK mortgage when you’re paid in a foreign currency isn’t easy – you're instantly ruled out by a significant chunk of mortgage lenders in the market.

And getting a UK mortgage when you’re earning in two different foreign currencies is even harder, especially when one of them is Japanese Yen.

That’s why our clients came to us for help.

The Scenario

Our clients were British expats currently living in Japan.

They were employed by a large German finance company but assigned to a work contract based in Japan, and were looking to purchase a residential property in the UK to eventually move back to.

They’d found a beautiful Cheshire home to buy and needed a £600k loan to complete their purchase – but, their €240k per year income was split across two currencies: Euros and Japanese Yen.

They had two sets of payslips and two income streams going into separate bank accounts, and this was causing an issue.

Why?

  • Many expat lenders flat-out reject dual currency income applicants
  • Even then, JPY is not a widely accepted currency for UK expat mortgage applications

RELATED: How to get a Uk Mortgage with a Foreign Income

The Solution

  • We contacted a range of banks, private banks, specialist lenders and building societies to establish who would offer property finance to our clients.
  • With some added context and reassurance to the mortgage lenders, we eventually sourced the best mortgage products on the market that accounted for their unique income situation.
  • The lender we settled on was a building society with more flexible lending criteria and an expertise in residential mortgages for expats.
  • With some negotiation, their specialist underwriters saw the high value in our clients’ foreign income, looking past the complications, and provided an expat mortgage offering competitive rates.

RELATED: How to Get a Uk Expat Mortgage

If you’re an expat earning in a foreign currency and thinking of purchasing a property in the UK, speak to Clifton Private Finance today to see how we can help.

Fergus Allen

Finance Broker

Cardiff

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.

Book Consultation

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.

Book Consultation

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. customDatabaseField-8455

Mathew Phillips

Senior 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.

Book Consultation

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. customDatabaseField-8455

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.

Book Consultation

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.

Book Consultation

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.

Book Consultation

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. customDatabaseField-8455

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