Large foreign currency mortgage placed by the specialists in large mortgage loans

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Wednesday June 1, 2016

Need a large foreign currency mortgage? We have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us.

Case profile

Our client wanted to buy a property in London. However, because he is a British expat paid in a foreign currency, finding a mortgage was a challenge.
The client’s wife and children currently reside in Sweden, although for work the client is primarily based in another country. He was looking to purchase the property as pied-a-terre for personal use and for their daughter who will be studying in the UK in the next 12 months.

The client receives his salary in a foreign currency which is paid into an offshore account. An additional layer of complexity is that due to the nature of his work he could be anywhere in the world on any given day. These factors made finding a suitable mortgage complicated.


Using our expertise in placing large mortgages and our strong relationships with private banks we were able to find a lender who could offer the client a suitable foreign currency mortgage.

In order to put the client’s case forward successfully to lenders, our first step was to find a country in which to base the client’s application. This was tricky as the client was so mobile. We chose Sweden, where is family lived, as this was his strongest tie; it was also a country preferred by most lenders.

The purchase price of the property was relatively high at £1,050,000. This meant we were able to approach a private bank that would be flexible and take a view on the client’s work and travel itinerary. As a result we successfully secured a British Ex-pat 5 year fixed rate mortgage for the client at the favourable rate of 2.6%.

Deal Highlights

Loan amount:£735,000
Rate:5 year fixed rate 2.6%
APR:Overall cost for comparison 4.2% APR representative variable
Term:19 years
Type:Capital and interest repayment
Loan purpose:Purchase property
Lender’s arrangement fee:1% of loan amount
Early repayment charges:3% in Years 1 & 2, 2% in Years 3 & 4, and 1% in Year 5 of loan amount


This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer. Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.

Please note that this specific deal may not be available to – or suitable for – all customers, dependent on their individual circumstances. The rate quoted may become out of date at short notice and may not be available at the point at which customers enquire about it. This document may not contain all the information needed for customers to make a decision and they should seek advice.

Overall cost for comparison 4.2% APR representative variable based on 19 years at 2.6%. Lender’s arrangement fee is 1% of the loan amount. The actual rate available will depend on your circumstances. Ask for a personalised illustration. is a trading name of Ltd. A fee of up to 1.17% of the mortgage amount is payable, of this 25% is payable on application and the remainder on completion, e.g. on a mortgage of £1,000,000 the fee would be £11,700 of which £2,925 would be payable on application. The precise amount will depend on your circumstances.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage.

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home. is a trading name of Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending. Ltd is a licensed credit broker, and not a lender. Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.
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