Large mortgage completed in under two weeks for foreign national client, resident overseas

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Tuesday November 1, 2016

Need a large foreign national 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 needed finance very quickly in order to purchase a new build investment property in London. The further complicating factors of this case were that he was a foreign national and had a complex income structure.

The client is a Saudi national living in Dubai. His local bank in Dubai originally confirmed they would lend him the funds two years ago, and after this, the client exchanged on the new build apartment. When completion was nearing, he approached the bank to obtain the finance, only to find the criteria had changed and they would no longer advance funds. When the client came to us he had under two weeks left to complete, due to the new build deadline.

The situation was further complicated by the fact the client was effectively self-employed, having three separate businesses which he either owned all or a significant share of. As the businesses were property related this would prevent some lenders being able to assist, purely on this basis.


Using our extensive range of private bank contacts we were able to source a lender that would not only lend to foreign nationals living overseas, but was also able to get from application to completion in under two weeks. The lender was able to meet the client in Dubai to obtain all necessary paperwork, greatly expediting matters. The case was then underwritten in less than 24 hours, with a valuation and legals instructed immediately.

The client was therefore able to complete before the deadline, meaning he did not lose the property and his substantial deposit of 30% of the purchase price.

Deal Highlights

Loan amount:£840,000
Rate:3.25% plus Cost of Funds, currently 0.44%, to give a rate of 3.69%
APR:Overall cost for comparison 4.10% APR representative variable
Term:25 years
Loan purpose:Purchase
Lender’s arrangement fee:0.5% of loan amount
Early repayment charges:None


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 4.10% APR representative variable based on 25 years at 4.10%. Lender’s arrangement fee of 0.5% of the loan amount. The actual rate available will depend on your circumstances. Ask for a personalised illustration.

Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.

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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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