Foreign National with no credit history

Proposition

Our client is a 67 year old living and working in Dubai. He is Australian passport holder, with no substantial assets in the UK. He has a good annual income, but no credit history. Before meeting us he had resigned himself to having to liquidate £650k of Australian assets in order to purchase - in cash - a retirement home in UK.

Solution

Having discussed the situation with him, we have negotiated - with one of our private bank partners - an interest-only loan up to 60% loan to value (LTV ratio) over a rolling 5 year term.

He intends to repay the loan by the age of 75, but was pleased with the flexibility that this arrangement gave him, both with his Australian assets and with his monthly payments.

4.94 / 5 Rating

506 Reviews

Very good personal service with good rate secured. I would not hesitate to recommend using this company.

Tom G

Private Finance has been one of the best overall experiences I have ever had from a client perspective in any sector. Jason is professional, courteous, knowledgeable, prompt and very astute, going long beyond the call of duty. Every time his services are required the entire process goes by effortlessly upon my part, I have complete trust and confidence in him. I cannot recommend him or Private Finance highly enough.

Anastazia

We've been clients of Private Finance for five years and cannot rate their mortgage service highly enough. Adept at finding finance at the best rates for multiple properties. They simplfy the process considerably for us, ensuring hassle-free remortgaging. We do not go turn to anyone else now knowing that we can trust them to find us the best deal.

Tara K