Loan amount: £210k
We were contacted by a client who was a UK national but was based in Dubai, where they worked. They already owned three buy-to-let properties in an apartment development in Reading, and were now looking to purchase an additional property on the same development with the intention of letting this out to. following a fact find of their individual circumstances we discovered that after their reserves were taken into account they needed to raise £210k.
Having exhausted the high street lenders, who they soon discovered were reluctant to lend to them due to the complexity of buying a UK based property whilst residing abroad, they turned to One 77.
As we work with one of the largest networks of banks and specialist lenders in the UK marketplace, we were able to secure the finance needed from a specialist buy-to-let lender through a bespoke deal completely tailored to their personal circumstances.
The client was then able to complete the property purchase on time and they have now added to their increasing portfolio, and have chosen One 77 as their mortgage broker of choice for future purchases.
Are you a UK expat looking for a mortgage? Call one of our dedicated advisers today on 01249 474952 or complete the form below and we will be in touch at a time and date to suit you.