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, 21 Bedford Square, London WC1B 3HH, 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 4.94 stars by Reviews.co.uk based on 226 merchant reviews

4.94 / 5 Rating
226 Reviews
From the very beginning, via a referral Ryan has been very clear, concise and helpful throughout the entire process. Everything was explained and nothing too much trouble despite us throwing numerous different options at him. at the point in which we went through the application both Ryan and Chloe were fantastic, polite, friendly and informative. the information and application process was clear and hassle free and moving on to the secondary phase of organising health and home insurance again, both have been extremely helpful and professional throughout, always with a pleasant disposition and friendly manner. nothing has ever seemed to be too much trouble so a huge thank you and we will definitely refer others to them. thank you
I found the advice comprehensive, clear and extremely helpful. My interactions with Sarah Sheppard were of the highest quality in terms of responsiveness and coming up with solutions not problems and she made me feel like my business was important and she wanted to help me secure my new property. I felt she was partnering me on my journey and this provided welcome support during what is a very stressful time. I felt more than a number - but a person who mattered. Thanks - Carole
Have used them several times, and would continue to. Janna and George took all the hassle out of a mortgage application for us, and it's done with a personal and friendly service.
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