Over £1.25m in mortgage finance secured for a foreign national client without Indefinite Leave to Remain

Lenders can take a more cautious approach to clients without ILR, applying additional considerations around loan to value and income assessment. Combined with the high LTV and property value, this created the risk of delays or limited options once an offer was accepted. The client also needed clarity on borrowing capacity quickly to make an offer and avoid losing the property.

George, who sits on our residential desk, utilised our direct access to underwriters via a pilot scheme to pre-agree the case before the client submitted an offer. This proactive approach ensured the lender was comfortable with both the client’s residency status and high LTV position, allowing George to confirm in advance that the lender was prepared to proceed once the purchase was agreed.

George also reserved a market leading rate ahead of subsequent increases, safeguarding affordability and giving the client confidence to move forward. When the offer was accepted, the case had already been pre-assessed by the lender, allowing it to progress swiftly to valuation, with the mortgage offer issued within a week of submission.

With underwriting pre-approved, the formal mortgage offer was issued within a week of valuation, securing over £1.25m in mortgage finance at 90% loan to value on a highly competitive fixed rate.

The client met their completion deadline and was delighted with the outcome, praising the speed and professionalism of the process.

This case highlights how LDN Finance leverages direct lender access and pre-agreement strategies to deliver clarity and pace for clients with complex circumstances, combining foresight, expertise and trusted relationships to achieve exceptional results.