Foreign National with no credit history


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.


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.


© Private Finance Limited, 2019. 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 4.94 stars by based on 576 merchant reviews

4.94 / 5 Rating
576 Reviews
Cold called Michael 17:23 on a Tuesday evening who within 20 minutes had gleaned sufficient information to email a solution on Friday afternoon. All correspondence and phone calls were answered quickly and accurately. Mortgages were raised in plenty of time for exchange. Michael, Maniksha and all others involved made an excellent responsive team making a difficult situation so much easier.
Just brilliant. Simon and Chloe have taken care of everything, twice now. The first time was really difficult, and Simon put in a huge amount of work to make it happen. Second time around, Chloe has taken the lead and it has been seamless. Thank you!
Jason Hall has always been outstanding and faultless to work with. He's also a top guy that really makes me feel like I'm his only client. Thank you!
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