| Property | Two-bedroom garden flat |
|---|---|
| Location | Chelsea, London |
| Client | US citizen, investment banker, 18 months in the UK |
| Product | Expat & foreign national |
The challenge
The client had a strong salary and bonus but less than two years' UK residency and a short UK credit history. Several lenders required indefinite leave to remain or a longer residency period.
What we did
We identified lenders that accept skilled-worker visa holders with time remaining on their visa and a UK employer. We evidenced salary, bonus history and US credit standing. We structured the loan below the lender's visa-holder loan-to-value limit.
The outcome
The purchase completed at 75% loan to value, with the bonus partly counted in affordability.
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.