65% LTV international buy to let mortgage secured for an overseas client
What was the situation?
Our client, based in Hong Kong, was purchasing a new build buy to let property in the UK under their sole names. Despite having a strong property portfolio and proven track record as a landlord, they approached LDN Finance after being declined by a high street lender whose internal exposure limits had been reached.
With only 30 days to complete and a 25% deposit already committed, they required an international buy to let mortgage from a UK lender to keep the purchase on track and meet the developer’s deadline.
What was the issue?
The client’s overseas residency added complexity around income assessment and portfolio structure. Following the initial decline, it was crucial to identify a lender whose criteria aligned with the client’s circumstances and who would take a considered approach to assessing their overall financial position.
What was the process?
What was the solution?
The lender’s underwriting model and efficient turnaround times enabled the transaction to progress quickly and meet the developer’s deadline. A 65% loan to value buy to let mortgage on a two year fixed rate of 5.34% was secured, enabling completion within the required timeframe.
The result showcases the value of LDN Finance’s lender relationships and expertise in arranging buy to let finance for overseas clients with complex circumstances.
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