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High Value Buy-to-Let London Mortgage for Swiss Nationals
This is a great case study on how Liquid Expat Mortgages helped Swiss Nationals to secure a high value buy-to-let mortgage for a property in London.
The scenario
A husband-and-wife couple who were both Swiss nationals wanted to buy a London property which they could rent out in the first instance before maybe one day living there themselves.
The property was a town house in Westminster and was valued at £1,455,000 and they were looking at a loan amount of approximately £775,000.
How Liquid Expat Mortgages dealt with the situation
The couple had no UK credit footprint although the husband could prove income in his own country. The husband owned a tech company which had been in operation for over 15 years and was profitable. Whilst many lenders could be deterred by the fact that the potential mortgagees were Swiss nationals and had no UK footprint, Liquid Expat Mortgages knew exactly which specialist lender would be a suitable match for these prospects.
Following in-depth discussions and after gathering sufficient information from the buyers, including a clear understanding of their longer-term objectives, we were able to approach a selected handful of lenders we knew would be able to consider the opportunity.
The result
Liquid Expat Mortgages was able to secure a very competitive buy-to-let rate of 2.1% as well as meet the couple’s LTV requirements. The mortgage was fixed for five years allowing them to ensure they became accustomed to cash flow and ensuring their rental yield would meet their expectations.
UK Expat Mortgages & Remortgages
No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you secure a high value or private bank mortgage or remortgage in the United Kingdom. Contact us now for a free quote. Our fully qualified and experienced mortgage advisers will advise you on the best mortgage options available for your circumstances.
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