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:
- The main earner of the family would continue to live and work in Dubai and pay the mortgage from there
- 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.