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Can I help your Ex Pats?

Can I help your Ex Pats?

With more Brits living and working outside the UK there is an increase in enquiries for Ex Pat mortgages via our panel of specialist Ex Pat lenders.

If you find Ex Pat enquiries time consuming or difficult to place let me deal with the packaging freeing you up to move on to your next deal.

Types of Ex Pat Mortgages we can place:

  • Wants to buy a property in UK to rent out
  • Already own a property in the UK and want to rent it out as a Buy to Let
  • Planning to return to the UK and need to purchase a new home
  • Planning to return to the UK and need to convert a BTL into a residential mortgage
  • Working abroad and want to purchase a property in UK for family to live in

We can also place mortgages for clients who:

  • Are UK Nationals working in the UK but paid in a foreign currency

How can Promise help?

  • All countries considered (except those on Government sanction list)
  • No upper age limit
  • All employment types
  • LTV’s – up to 75%
  • Loan Sizes – £3k – £2mil
  • Property types – All
  • No credit scoring, direct access to underwriters
  • Rates – from 2.61%
  • Interest Only available
  • Earned income considered on BTL
  • Consumer Buy To Let
  • First time landlords
  • Professional Landlords/Portfolio’s

Our group of lenders offer a wide range of Ex Pat mortgages which are underwritten on a case by case basis that takes into account the whole scenario.

Some typical ex-pat scenarios we have helped:

  • Client living in Zimbabwe wanting to raise funds on a buy to let property he owns in UK to purchase a property overseas. We raised £300k on his UK BTL on the 5 year term he wanted.
  • Client working in Qatar, paid in USD a first time buyer wanting to purchase a residential in the UK for when he returns; his deposit was gifted by family and we were able to get him a mortgage of 65% of the purchase price of the new property.

Please give us a call on 01902 585052 if you have a potential case we can help with.

www.promisemoney.co.uk

01902 585052

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2 out of 3 borrowers get a lower rate than our representative example of a regulated secured loan below:

Mortgages and Remortgages

Representative example

£80,000 over 240 months at an APRC OF 4.3% and a discounted variable annual interest rate for two years of 2.12% at £408.99 per month followed by 36 payments of £475.59 and 180 payments of £509.44. The total charge for credit is £39,873 which includes a £995 broker / processing fee and £125 application fee. Total repayable £119,873.

Secured / Second Charge Loans

Representative example

£63,000 over 228 months at an APRC OF 6.1% and an annual interest rate of 5.39% (Fixed for five years – variable thereafter) would be £463.09 per month, total charge for credit is £42,584.52 which includes a £2,690 broker / processing fee. Total repayable £105,584.52.

Unsecured Loans

Representative example

£4,000 over 36 months at an APR OF 49.9% (fixed) and an annual interest rate of 49.9% would be £216.21, total charge for credit is £3,783.56. Total repayable £7,783.56.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME

REPAYING YOUR DEBTS OVER A LONGER PERIOD CAN REDUCE YOUR PAYMENTS BUT COULD INCREASE THE TOTAL INTEREST YOU PAY. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.


If you have been introduced to Promise Money by a third party / affiliate, Promise may pay them a share of any fees or commission it earns. Written terms available on request. Loans are subject to affordability status and available to UK residents aged 18 or over. Promise Money is a trading style of Promise Solutions Ltd. Promise Solutions is a broker offering products which represent the whole of the specialist second mortgage market and is authorised and regulated by the Financial Conduct Authority – Number 681423.

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