Credit Check
British Expat In The Gulf Secures A 1.85% 3 Year Fixed-Rate Remortgage
This is a great case study on how Liquid Expat Mortgages helped a British expat in the Gulf secure a 3 year fixed-rate UK expat residential remortgage.
The scenario
Our client was based in the Gulf with a large Multi-National Software company. He’d been promoted to a senior role which entailed more travel throughout the region. Despite working there for over 17 years he kept a home in Derbyshire, England as his wife and family decided to return to England over 9 years ago for schooling reasons.
As one of the children were now looking at going to university, they decided to look at remortgaging their property so that they could buy a flat to allow them to study there without having to take out a grant for accommodation and burdening their son with a debt once he’d graduated. The flat also had space for two other students to share and as such the payments from the rent more than covered capital and interest repayments.
By remortgaging their property, they were able to release decent amount of equity which allowed them to buy a flat in Durham and ensure they also had an investment as part of their retirement portfolio.
Our solution
Liquid quickly established that the mortgage was possible and obtained a decision in principle. With the help of Liquid’s team of experienced co-ordinators, we quickly obtained all the necessary documentation and processed the mortgage so the clients could complete their remortagage and release funds to carry on doing what they needed to do.
The result
We secured a three-year fixed-rate mortgage at 1.85% with a specialist expat lender, at 85% LTV. Throughout the term of the loan, the remortgage would save approximately £19,764 over three years.
UK Expat Mortgages & Remortgages
There are many options for mortgage finance for UK expats and non-UK residents. Liquid has established relationships with many lenders who are conversant with dealing with expatriates and foreign nationals looking to buy or remortgage property in the UK for a variety of reasons. What’s more our processes are designed to assist customers to achieve their objectives as quickly as possible and causing as little disruption as possible.
Not only are our qualified and expert brokers and their industry connections invaluable to assisting with your mortgage solutions, but our years of experience in dealing with overseas customers means we are well placed to deal with helping you obtain your UK expat residential remortgage or mortgage options available for your circumstances.
If you are looking for a similar type of property finance Liquid Expat Mortgages has extensive experience finding residential and investment property finance for UK Expats and non-resident Overseas customers.
Please contact us today to see how Liquid Expat Mortgages can help you with your situation.
Get A Free Quote
"*" indicates required fields
