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Difficult, but not impossible…
Read a great case study on how Liquid Expat Mortgages helped a UK expat living in Sydney to gain a foothold on the London property market.
The Scenario
Our Sydney client is a project manager for a printing company who was wanting to buy a two-bedroom flat in south-west London as an investment. She’d found a property near to her London-resident father who was in poor health, so she could keep an eye on it when she visited.
She has Portuguese ancestry so she’s applying for a Portuguese passport in the hope of securing EU residency in the UK, and making property-buying in the UK easier in the future.
The Solution
We identified a lender who would take all her circumstances on board. They’re a shariah-compliant “mortgage lender” so there are some additional fact-find requirements on the application form.
Our advice: use an experienced solicitor who’s familiar with shariah mortgages. They’re available to anyone and can be an excellent option, particularly in quirky situations. But the requirements are different to non-shariah mortgages. Our client’s first solicitors weren’t prepared to do the work.
But we got our client her a two-year fixed rate at 4.04% for a 15-year mortgage term, which was a good deal, considering all the factors involved.
And she’s got her foothold in the London property market.
UK Expat Mortgages & Remortgages
If you live or work overseas and are looking for a mortgage or remortgage in the UK, contact Liquid Expat Mortgages today for a free quote. Our fully qualified and experienced mortgage advisers will advise you on the best UK expat mortgage or remortgage options available for your circumstances.
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