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High Value Residential Mortgage for Indian National in Dubai
This is a great case study on how Liquid Expat Mortgages helped an Indian national resident in Dubai to secure a high value residential mortgage for a property in London.
The scenario
We received an enquiry from a Dubai resident who was an Indian national. He’d identified a residential property he wanted to buy in London with a value of approximately £1.6m
Property value: £1,950,000
Loan amount: £1,365,000
LTV: 70%
Interest rate: 2.1%+ BBR
How Liquid Expat Mortgages dealt with the situation
The gentleman had no UK credit footprint and as he had an Indian passport and he was Dubai resident, the case was not as straightforward as many other overseas buyer mortgage cases.
The customer wanted to borrow £1.2m against the purchase price which made this a high Loan to Value of 75%. The customer also wanted a low interest rate as a priority.
As Liquid has worked with many specialist private bank lenders and high value mortgage amounts, we were quickly able to identify several lenders who specialised in this type of case. All qualifying criteria was gathered by Liquid ‘s team of co-ordinators ensuring a smooth handover of information and subsequent submission of the customer’s details.
The result
With proven experience dealing with challenging scenarios, Liquid Expat Mortgages was able to secure a mortgage for this customer quickly, to ensure he didn’t miss out on his property. Our specialist lender was able to meet the client’s requirements of a low interest rate mortgage at 2.1%.
UK Expat Mortgages & Remortgages
No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you secure a high value or private bank mortgage or remortgage in the United Kingdom. Contact us now for a free quote. Our fully qualified and experienced mortgage advisers will advise you on the best mortgage options available for your circumstances.
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