Case Study – UK Expat Residential Mortgage for returning British expat, wife and family

Expat Residential Mortgage for returning British expat, wife and family

UK Expat Residential Mortgage for returning British expat, wife and family

This is a great case study on how Liquid Expat Mortgages helped a British expat and his family return to the UK with the perfect expat residential mortgage.

The scenario

Our client had been working as a senior manager for a large multinational advertising agency in Australia for 6 years and had recently had a child. He decided it was time to come back to the UK and secured a director role with a Manchester based multimedia agency. The couple decided to settle in Cheshire as it was an easy commute into the city, and even found their dream home.

The husband was a British national whilst the wife was an Australian citizen and would therefore be classed as a “foreign national.”

They had the deposit set aside (25% of the £600,000 house value) but despite this, they soon realised that obtaining a mortgage was not going to be as easy as they had imagined. In essence lenders saw their purchase as problematic because;

• They hadn’t been in the UK for two years prior to the proposed purchase and as such didn’t have a credit footprint,
• They would still be out of the UK when the purchase was due to complete
• Their earnings were in Australian dollars

Our solution

Liquid Expat Mortgages has over 13 years experience in helping British nationals and foreign nationals obtain residential mortgages by utilising the right lenders for your circumstances. Normally banks and lenders prefer Expats to have been in the UK for at least 6 months before considering a mortgage application and our client and his wife had reached a dead end before coming to us. Our bank of lenders is familiar with expats and foreign nationals returning from Australia and our processes and support are geared to making matters simple and straightforward as we know how stressful obtaining a mortgage can be.

The result

We obtained a decision in principle (DIP) within 24 hours and as the customer had all information to hand we were able to submit an application within 2 days and move to an offer within a matter of weeks. The client enjoyed a fixed rate of 2.25% for 2 years and no valuation fees.

UK Expat Mortgages & Remortgages

If you’re returning to the UK after living abroad for a number of years and looking for an expat residential mortgage or simply want more information about arranging finance for UK residential property contact us for a free quote. Our fully qualified and experienced mortgage advisers will advise you on the best UK expat mortgage or remortgage options available for your circumstances.

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