Foreign national buying in the UK

Proposition

Our client approached us with a very complicated set of circumstances. He has dual nationality – American and French Canadian – was moving back to the UK from a posting in Washington DC, and he was moving jobs. So while he wanted to borrow a fairly modest £300,000 against a property purchase price of £995,000, it was a difficult call for many lenders. He has just left a full-time position at a leading firm of management consultants to become a self-employed contractor, working with US companies, and is paid in US Dollars.

Solution

Using our knowledge of the market and our extensive range of contacts at private banks and other specialist lenders, we negotiated a deal. Together our client and his British wife are borrowing £300,000 against a property purchase price of £995,000 at 2.99% fixed for a two year term (APR 4.6%* - the overall cost for comparison).

Fees

The clients are paying an arrangement fee of just £899.

 

*APR (the overall cost for comparison) calculation based on a 2 year term, interest only mortgage with £899 arrangement fee, legal and valuation fees of £4,000. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

© Private Finance Limited, 2017. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and Private Finance Associates LLP (PFA LLP) of the same address, registered in England no. OC357301. PFA LLP is an Appointed Representative of Private Finance Ltd. Charges are based on the loan amount and the complexity of your needs and circumstances. Our maximum fee is 1% however typically our average fee has been 0.28%, i.e. £980 on a loan of £350,000. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.93 stars by Reviews.co.uk based on 271 merchant reviews

4.93 / 5 Rating
271 Reviews
Over a number of years Ryan Garbett at Private Finance Ltd has dealt with the mortgage arrangements on my primary residence. Throughout I have found him to be highly professional and competent and is easily available to respond to issues quickly and effectively. He takes time to develop a relationship so that he can best understand your particular needs and is able to offer tailored advice and guidance. I have been happy to recommend him to friends and colleagues.
Private Finance were able to find a mortgage for me when other companies had said they could but failed to deliver.
Firstly, the initial discussions with Kana and the effort he made to fully understand my financial situation was superb. Extremely professional from start to finish. Keeping me up to date every step of the remortgaging process was a really nice touch from both Kanna and George.
The British Mortgage Awards 2015 back to top