Can I help your Ex Pats?
Can I help your Ex Pats?
With more Brits living and working outside the UK there is an increase in enquiries for Ex Pat mortgages via our panel of specialist Ex Pat lenders.
If you find Ex Pat enquiries time consuming or difficult to place let me deal with the packaging freeing you up to move on to your next deal.
Types of Ex Pat Mortgages we can place:
- Wants to buy a property in UK to rent out
- Already own a property in the UK and want to rent it out as a Buy to Let
- Planning to return to the UK and need to purchase a new home
- Planning to return to the UK and need to convert a BTL into a residential mortgage
- Working abroad and want to purchase a property in UK for family to live in
We can also place mortgages for clients who:
- Are UK Nationals working in the UK but paid in a foreign currency
How can Promise help?
- All countries considered (except those on Government sanction list)
- No upper age limit
- All employment types
- LTV’s – up to 75%
- Loan Sizes – £3k – £2mil
- Property types – All
- No credit scoring, direct access to underwriters
- Rates – from 2.61%
- Interest Only available
- Earned income considered on BTL
- Consumer Buy To Let
- First time landlords
- Professional Landlords/Portfolio’s
Our group of lenders offer a wide range of Ex Pat mortgages which are underwritten on a case by case basis that takes into account the whole scenario.
Some typical ex-pat scenarios we have helped:
- Client living in Zimbabwe wanting to raise funds on a buy to let property he owns in UK to purchase a property overseas. We raised £300k on his UK BTL on the 5 year term he wanted.
- Client working in Qatar, paid in USD a first time buyer wanting to purchase a residential in the UK for when he returns; his deposit was gifted by family and we were able to get him a mortgage of 65% of the purchase price of the new property.
Please give us a call on 01902 585052 if you have a potential case we can help with.
01902 585052
Promise Money is a broker not a lender. Therefore we offer lenders representing the whole of market for mortgages, secured loans, bridging finance, commercial mortgages and development finance. These loans are secured on property and subject to the borrowers status. We may receive commissions that will vary depending on the lender, product, or other permissable factors. The nature of any commission will be confirmed to you before you proceed.
More than 50% of borrowers receive offers better than our representative examples
The %APR rate you will be offered is dependent on your personal circumstances.
Mortgages and Remortgages
Representative example
Borrow £270,000 over 300 months at 7.1% APRC representative at a fixed rate of 4.79% for 60 months at £1,539.39 per month and thereafter 240 instalments of £2050.55 at 8.49% or the lender’s current variable rate at the time. The total charge for credit is £317,807.66 which includes £2,500 advice / processing fees and £125 application fee. Total repayable £587,807.66
Secured / Second Charge Loans
Representative example
Borrow £62,000 over 180 months at 9.9% APRC representative at a fixed rate of 7.85% for 60 months at £622.09 per month and thereafter 120 instalments of £667.54 at 9.49% or the lender’s current variable rate at the time. The total charge for credit is £55,730.20 which includes £2,660 advice / processing fees and £125 application fee. Total repayable £117,730.20
Unsecured Loans
Representative example
Annual Interest Rate (fixed) is 49.7% p.a. with a Representative 49.7% APR, based on borrowing £5,000 and repaying this over 36 monthly repayments. Monthly repayment is £243.57 with a total amount repayable of £8,768.52 which includes the total interest repayable of £3,768.52.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME
REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Promise Money is a trading style of Promise Solutions Ltd – Company number 04822774Promise Solutions, Fullard House, Neachells Lane, Wolverhampton, WV11 3QG
Authorised and regulated by the Financial Conduct Authority – Number 681423The Financial Conduct Authority does not regulate some forms of commercial / buy-to-let mortgages
Website www.promisemoney.co.uk