Case Study – 75% LTV Holiday Let Expat Mortgage

75% LTV Holiday Let Expat Mortgage

Holiday Let Expat Mortgage Case Study

This is a great case study on how Liquid Expat Mortgages helped an expat couple in the UAE to purchase a Holiday Let property in the United Kingdom.

The scenario
One of our existing customers-a husband and wife, successfully operated a Hospitality Business in the UAE, with many large multinational clients on their roster. Over the years they had also accumulated a healthy property portfolio of Buy-to-Let (BTL) properties. They had low outgoings and chose to cover daily living costs with a low basic salary from their business and any further requirements were might by drawing dividends from the company.

To complement their existing BTL portfolio they wanted to purchase a holiday home back in the UK and they had been told that the UK’s holiday let market was booming. Alongside this they’d always wanted a holiday retreat they could use when back in the UK. They had a soft spot for the Welsh Coast and found a beautiful holiday home on Anglesey. They could let it out for most of the year and use it when they were back for a month in July or August when the heat in the UAE is at its height.

They quickly realised that many lenders don’t offer Holiday-Let mortgages and to compound matters, because the couple took dividends, they were viewed as complex and failed to meet the requirements of many high street lenders.

Our solution

Liquid Expat Mortgages were able to find a specialist Expat Holiday-Let lender who not only understood the income structure of the applicants, but also the fact that the owners wanted to enjoy the property for themselves.

The result

Liquid Expat Mortgages secured their dream home with a 75% loan-to-value (LTV) holiday let mortgage, based on two years’ accounts, together with an assessment of their potential holiday rental income.

UK Expat Mortgages & Remortgages

No mater where you are currently living or working around the world, Liquid Expat Mortgages can help you secure a expat holiday let mortgage 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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