British Expat In Singapore Secures A 1.7% 5 Year Fixed-Rate Remortgage
This is a great case study on how Liquid Expat Mortgages helped a British expat in Singapore secure a 5 year fixed-rate UK expat residential remortgage.
Our client in Singapore had been promoted to a more senior role with a Law firm. He expected to be away from the UK for a minimum of 5 years. He had accommodation as part of his job package, so he took the opportunity to remortgage his existing UK property as the fixed rate period was coming to an end. As his wife was staying behind in the UK to allow the children to finish A levels, they wanted to stay on a fixed rate so they could budget accordingly and add a kitchen extension to the property. It would also allow them to retain a property in London ready for when he returned from working abroad.
Liquid worked with the client to find a new lower fixed rate as well as helping to value the property at a higher rate so that the Loan to Value could be adjusted in their favour. In this case the valuation was provided free of charge.
We were ultimately able to secure a five-year fixed-rate mortgage at 1.7% with a specialist expat lender, at 80% LTV. Throughout the term of the loan, the new mortgage would save approximately £47,764 over five 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
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