Residential purchase for a Foreign National - LDN Finance

Residential purchase for a Foreign National

Article by Anthony Rose Co-Chief Executive Officer

What was the situation?

A couple of foreign national clients who recently moved to the UK due to a relocation opportunity through one of their employers. They have approached us after six months of residency.

What was difficult about this case?

Both clients were non-EU passport holders and currently living in the UK via a five year visa. Due to the length of time they have been living in the UK they have a low credit score and require a large loan in excess of £1 million.

What was the process?

This case falls outside of standard lending criteria for almost all high street lenders. Those that would be willing to consider the case would ordinarily require a considerable deposit to mitigate the associated risks.

What was the solution?

Due to the loan size and profile of the client, we were able to speak directly to a large loan underwriter at a high street lender and secure the loan required at 80% loan to value (LTV). This avoided the traditional route of approaching a private bank and the additional cost of pursuing that option.

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Our happy clients

Excellent and outstanding professional service from start to finish. From offering as many options as possible, to explaining to me very quickly what the benefits are and what I should really be thinking about moving forward. Thoroughly recommend.

Mr. M

July 2021

5 Stars! The LDN team supported us purchasing our family home, without their support and as an expat it would have been very difficult to obtain our new home in the UK. I would totally recommended them.

Mr. S

August 2021

Johnny Martin held our hands through the entire process calmly and professionally. Brilliant service, efficient and swift in response to everything. He made the entire journey uncomplicated even when the bank made it complicated. Highly recommended.

Mr. H

July 2021

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