The Client:
Our clients were UK expats living in Spain for several years. They owned a portfolio of Buy-to-Let properties in the UK. The Husband was employed with an international company and his Wife was predominately a housewife. Due to family ties back in the UK wife and the children were looking to move back with husband following when possible.
Scenario:
We needed to look for a lender who would accept anticipated income for the wife as she had secured a job for when she returned to the UK. The husband was still in a probation period within his new role which is a stumbling block for some lenders, even though he was working in the same field as he had done for many years. We would also require a lender who would look at the rental income received from their property portfolio in order to satisfy affordability criteria.
The Solution:
As whole of market Expat Mortgage Broker we were able to approach lenders and explain the clients’ scenario before placing a full application. We also had a time constraint as the seller was threatening to pull out of the deal if an offer was not produced in good time. We found a lender who was happy with the clients’ profile and were able to secure the offer so as the clients could come home to be with family here.
Summary:
Securing a residential UK Mortgage for Expats & Foreign Nationals From Spain when one of the parties is planning on staying abroad can cause concerns for lenders. As a whole of market mortgage broker and using our Expat Mortgage Advisors’ expertise we have the ability to search the market to find a suitable lender to help our clients when they have exhausted all other avenues.
If you have any questions relating to a Expat Mortgage, contact us today to speak directly with one of our CeMAP certified Mortgage Advisors.
Call us today on +44 1494 622 555. Alternatively, please complete this short online form one of our Advisors will call you right back.