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British Expat In Abu Dhabi Secures A 1.9% 5 Year Fixed-Rate Expat Residential Remortgage
This is a great case study on how Liquid Expat Mortgages helped a British expat in Abu Dhabi secure a 5 year fixed-rate expat residential remortgage in the UK.
The scenario
Chris J. had worked in Abu Dhabi as a Shipping/Freight Forwarding Manager for an Internationally renowned specialist for over 20 years. His family had lived back in the UK in the rural Northeast of England for the last fifteen years. His two grown up children had both decided to go to university in Manchester.
There was an age difference of 1 year between the two children and it was agreed that it would make sense to buy a property in Manchester so that both could live in it whilst studying. Once they’d finished their education, they would be able to continue living in it as they started their working life.
So, our client decided to remortgage his existing property to facilitate a property purchase in Manchester. A slight curve ball was when Chris J was offered a similar role in Hong Kong with better pay and a return to the place where he’d originally stared his career.
Our solution
Liquid arranged his remortgage quickly and efficiently finding a. lender who had no problems with the switch in job territory.
The result
We were ultimately able to secure a five-year fixed-rate mortgage at 1.9% with a specialist expat lender, at 80% LTV. This was much better than his existing bank’s rate of 2.75% and would save the customer thousands of pounds in interest payments alone over the fixed period.
UK Expat Mortgages & Remortgages
There are many options for mortgage finance for UK expats and non-UK residents. Liquid has established relationships with many lenders who are conversant with dealing with expatriates and foreign nationals looking to buy or remortgage property in the UK for a variety of reasons. What’s more our processes are designed to assist customers to achieve their objectives as quickly as possible and causing as little disruption as possible.
Not only are our qualified and expert brokers and their industry connections invaluable to assisting with your mortgage solutions, but our years of experience in dealing with overseas customers means we are well placed to deal with helping you obtain your UK expat residential remortgage or mortgage options available for your circumstances.
If you are looking for a similar type of property finance Liquid Expat Mortgages has extensive experience finding residential and investment property finance for UK Expats and non-resident Overseas customers.
Please contact us today to see how Liquid Expat Mortgages can help you with your situation.
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