Foreign national buying in the UK


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.


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).


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.


© Private Finance Limited, 2018. 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 its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

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I was recommended to Michelle Clack at private finance by a friend. I found her amazingly responsive and flexible. I had asked a previous broker if he could help and he said he couldn't get me a mortgage based on my circumstances but not only did Michelle deliver, she found me a great deal in a quick time. I could not recommend her highly enough. She takes the pain (well most of it) out of buying a property. I have already recommended Michelle to other friends and colleagues.
I have used Michelle Clack as my go to mortgage broker for many years. She has been fantastic for me and got me out of a tight spot once or twice, when I was looking down the barrel of an expensive bridge loan. I recommend Michelle highly, for any mortgaging requirements.
Efficient, saved me money and the process was straightforward. Michelle Clack was great.
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