£2.1M UK Mortgage for Swiss Residents

Head of Insurance

Victoria Barton

£2.1M UK Mortgage for Swiss Residents
Victoria Barton
Head of Insurance

Victoria Barton

Key Figures: 

  • Client: British Nationals & Swiss Residents
  • Property type: Detached Courthouse
  • Property Value: £3,500,000
  • Loan Amount: £2,100,000
  • LTV: 60% 
  • Rate: 2.39% 
  • Term: 5-Year Fixed 

The UK mortgage market is incredibly competitive, and Enness can use this competition to your advantage. For Swiss residents in a very solid financial position, it usually means that Enness can secure very cheap financing deals, even if you want to borrow a considerable amount to buy UK property

In this case, we were approached by a British couple based in Switzerland. They were interested in purchasing a property worth £3.5 million in Chelmsford and were looking for a 60% LTV mortgage. 

The UK mortgage market is one of the most liquid and competitive in the world. Some lenders can cater to every borrower, and often Swiss residents will find they have a considerable choice of lenders – often more than in the domestic property market in Switzerland. Swiss residents buying high-value property (costing between £1-2 million) can generally benefit from tracker mortgages from 2% per annum. In this case, we succesfully negotiated a competitive rate of 2.39% for a 5-year fixed term. 

If you have a more unusual situation (you are a British expat living in Switzerland, run your own business, want to buy particularly high-value property, or are at retirement age), working with Enness can make the UK mortgage application process much easier. Not every lender can cater to non-resident buyers with more complex borrowing requirements, and navigating lenders alone can be exceptionally tricky. With access to all the lenders who can offer non-resident UK mortgages, Enness will be able to find you the very best rates and terms.

There are many UK mortgage options for Swiss residents, and the package that will make the most sense for you will depend on your financial situation and background. Enness will review your assets, income and overall net worth and talk you through what is likely to be the cheapest and most flexible non-UK resident mortgage package for you.

To discuss your scenario, get in touch today!

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