Consumer Buy To Let Remortgage For A UK Expat Working in the States

Our client had a buy to let property in the UK and was currently living and working in the United States. They previously lived in this property when residing in the UK, which means this is commonly known as a “Consumer Buy to Let”, which is a property that was not purchased / inherited with the direct intention of being rented out but has transitioned to a rented property later down the line.

Due to a combination of foreign income and residency abroad, along with the property being a consumer status, our client was struggling to find a broker who knew where to look. Thankfully, we specialise in expat mortgage solutions and have great relationships with the relevant lenders and so were able to provide an arrangement which fit the client’s needs.

The client was eager to proceed due to rumours of imminent rate increases and therefore required a swift and knowledgeable broker who could prioritise their case. We were able to transition from initial enquiry to full application within a week, allowing them to secure a lower rate from an expat lender who allows foreign currency income and consumer setups, just
days before many lenders increased their rates on mass.

If you are based oversea or have complex income and want to see if you can obtain a mortgage, feel free to get in touch.