Dubai based expat requires UK mortgage to buy a house for his family

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Proposition

The client based in Dubai, United Arab Emirates was looking to purchase a residential property in the UK, funding the purchase with a salary in Dirhams. The complexities in this case were as follows:

  1. The main earner of the family would continue to live and work in Dubai and pay the mortgage from there
  2. The salary and earnings from an existing buy-to-let that would be used to fund the mortgage were earnt in Dirhams and there was no UK-generated income or assets present

Solution & Lending Facility

With access to every lender on the market and vast experience negotiating property finance of every kind, Private Finance’s brokers are equipped to find solutions to mortgage-related problems that may at first glance seem unsolvable.

Our consultant was able to secure a mortgage for the client at 1.29% on a 2-year fixed rate with interest and capital repayment at a 75% loan to value – a highly competitive rate, given the clients circumstances.

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

© Private Finance Limited, 2020. 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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