Dream Home Purchase for Couple with Complex Income Stream Case Study
This is a great case study on how Liquid Expat Mortgages helped a British Expat couple in Dubai purchase a residential property in the UK as first time buyers.
A couple who had been living and working in Dubai for over ten years now planned to return to the UK within the next 3 years to raise their young family near relatives. They’d identified several “ideal” homes all in and around St Albans, Hertfordshire. All the properties were within the vicinity of all the transport links they needed to get in and out of London, whilst enjoying plenty of countryside around them and good schools. Both were salaried employees with the man working for the Government within their legal team whilst his wife worked as a Maths teacher for a school.
How Liquid Expat Mortgages dealt with the situation
Liquid Expat Mortgages quickly set about establishing the family’s short- and medium-term objectives and within a day the couple realised that their dream family home was no longer a pipe dream but a reality, as we were able to provide a decision in principle within a day. They had a good deposit available from savings accumulated over the years and to purchase the “family home”, they wanted a 75% LTV residential mortgage. The deposit was sourced from personal savings. Our team of co-ordinators requested all documentation, and we were able to present the information to various lenders quickly and efficiently.
Liquid Expat Mortgages has worked with expats worldwide to allow them to find their ideal mortgage and ideal first-time home. By working with the largest panel of lenders we were able to find several lenders who wanted to underwrite our customers’ requirements.
Our customers were able to purchase their £895,000 property at 75% Loan to Value, so the amount borrowed was £671,250.00 at an interest rate of £1.79% fixed for two years and on a 25-year capital and interest repayment. The wife would come home first and had already secured a Head of Department role at a Comprehensive school 20 minutes from their new home. Her husband was also in the process of finalising a new position with a Large London law firm who worked with the UAE Embassy in London.
UK Expat Mortgages & Remortgages
No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you secure a first time buyer expat mortgage 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.Get a free quote
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