The Client:
Our clients had been living oversees for several years. They owned a portfolio of Buy to Let properties in the UK. The Husband was employed with an international company and the 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.
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The Solution:
As whole of market 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 in the UK 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 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.
Please get in touch today with our dedicated team of Specialist Expat Mortgage Advisers for any Mortgage questions you might have. Call us now on +44 1494 622 555. Alternatively, you can also fill in this short online form we will get back to you straight away.