Logo
Global

Buy-to-Let Mortgage for Egyptian National

Egyptian National and Resident Buy-to-Let property purchase in London

Key Facts:

  • Property: 2 x Buy-To-Let Apartments in London
  • Property Value: £1,315,000
  • Loan Amount: £657,500
  • Product: 5 Years, Interest Only
  • Margin: 4.50% per annum

In this case, we were approached by an Egyptian national who was looking to leverage two unencumbered investment properties in London. The properties were held in the client’s personal name, and there were a number of complications, as follows:

  1. The client was nearing retirement
  2. Other than ownership of the properties, the client had no UK footprint
  3. The client resides full time in Egypt
  4. The client’s wealth was generated in the hospitality sector which remains their sole source of income

These complications narrowed the field of potential lenders. Having explained the complexities to the client, it was accepted that no retail or private bank would support the transaction and alternative providers of finance would need to be approached. Following in-depth discussions and after gathering sufficient information to put a compelling case together, we approached the handful of lenders we knew would take interest in the deal.

Alternative finance is often expensive – regularly double digits. However, we were able to negotiate a margin of 4.50% from an offshore credit fund specialising in mortgages for foreign nationals.

Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.

Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.