Large Buy to Let Mortgage for Pakistani Business Owner

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Key Figures: 

• Client: Pakistani National & Resident 
• Property Type: New build apartment 
• Property Value: £1,360,000 
• Loan Amount: £1,020,750 
• LTV: 70%
• Interest Rate: 3.79%
• Term: 25 years 

In this case, we were approached by a non-UK resident who was looking to invest in a UK property. The property in question was a new build apartment with world class amenities. Located in Paddington, between the prestigious areas of Marylebone and Little Venice, the apartment price was £1.36million and the client was willing to put down 30% deposit. 

A Pakistani national and resident, the client was a technology entrepreneur managing multiple sucessful business ventures based in the MEA region and was earning in UAE Dirham. However, with Pakistan considered a high-risk country and the client having no ties to the UK, we knew this would be a complex transaction requiring a sophisticated financial package.

It is vital that you find the right vehicle through which to undertake your investment journey and utilise existing assets to the full. Over the past few years, many high street banks have taken a step away from non-traditional and very large buy to let mortgages, but there are still great deals to be found through these lenders. However, it's alternative lenders and private banks that can increasingly offer the most attractive terms and rates. Here at Enness, we have access to all the specialist large buy to let mortgage lenders on the market, catering to everything from very complex transactions to expat buy to let mortgages.

Using Enness’ contacts and experience, the client was able to secure finance with a Shariah-compliant challenger bank which could take a more rounded approach to their global assets and multiple income streams. The lender offered an attractive 70% LTV (loan-to-value) product with a 3.79% interest rate and a 25 year term.

In many cases, those looking for a large buy to let mortgage find off-the-shelf packages unworkable from both a terms and price perspective – here, a mortgage tailored to your requirements and financial situation will make all the difference. Enness will effectively build a one-of-a-kind mortgage for you. You will benefit from a large buy-to-let mortgage that is advantageous considering your income, assets, net worth and any requirements you have in terms of lender preferences, terms and flexibility. To discuss your situation in more detail, give Enness a call today.