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 its Appointed Representatives. 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 338 merchant reviews

4.93 / 5 Rating
338 Reviews
Jason Hall (mortgage advice), Mark Frampton (life insurance) and Stacey Wright (buildings insurance) all provided me with a fantastic service. They were helpful, friendly and extremely efficient. I will definitely recommend all three of them.
Very impressed with the whole team. Shaun gave very clear advice and delivered on his promises. He and his assistants kept me up to date with their progress in a timely manner. Mark was also very generous with his time to assist with the life cover. We had a couple of very long phone calls at the weekend which was very useful for me as I have limited free time during the week. Thanks very much!
James McCudden and Luke Blair did a fine job chasing a particularly tricky lender on my behalf. The situation was complex and rather tense but they managed to get me the result I needed and the transaction was a success. Many Thanks
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