| Property | Three-bedroom flat in a tenement |
|---|---|
| Location | Bruntsfield, Edinburgh |
| Client | British expat couple, both employed in Singapore |
| Product | Expat & foreign national |
The challenge
The couple wanted a home to return to and to use during visits. They had no UK address and were unsure whether they needed a residential or buy-to-let mortgage, as they might let it before returning.
What we did
We explained the difference between residential and expat buy-to-let lending and the regulatory consequences of each. As they planned to return within a year, we arranged a residential mortgage with a lender that accepts expat applicants. We worked with a Scottish solicitor familiar with remote purchases.
The outcome
The couple bought at 70% loan to value with a clear plan for their move home.
Expat and foreign national mortgagesUK mortgages for British expats abroad and foreign nationals buying or living in the UK.
Learn moreImportant: Your home may be repossessed if you do not keep up repayments on your mortgage. There may be a fee for mortgage advice: up to 1% of the loan, typically £500.