£2.9 Million UK Mortgage for Greek National

7th March 2022

Toby Johncox

£2.9 Million Mortgage for Greek National
Toby Johncox

Toby Johncox

Key Facts 

  • Client: Greek National & Resident
  • Property Type: Flat in London
  • Property Value: £2,975,000
  • Loan Amount: £1,933,750
  • LTV: 65%
  • Rate: 5-year fixed 2.95%

Here at Enness, we have access to more than 500 international lenders, and our team has completed mortgages for 78 different nationalities across 20 countries. In this case, we were approached by a Greek national and resident interested in purchasing a flat worth £2.9 million in prime central London

Getting the best property finance is rarely a case of simply approaching your existing bank and asking for a mortgage. Many lenders will be hesitant to let you borrow if you are not a UK national and you live abroad, regardless of your net worth. It can be marginally easier to get a mortgage if you are an expat (i.e., you live abroad but you have UK nationality), but expect the process to be anything but straightforward if you are applying for a mortgage by yourself.

Regardless of whether you are a UK national or not, if you live abroad, a mortgage application process is likely to be paper-heavy and very time-consuming, with lenders taking considerable time to review and assess your mortgage application, and there’s no guarantee they will accept. The higher value your mortgage, the more difficult it is to find financing.

Ultimately, you need a lender that can comprehend and will accept:

  • The currency you are paid in
  • Your residency and nationality
  • Global assets and wealth

With proven experience dealing with challenging scenarios, Enness will be able to secure a mortgage for you, even if you have a delicate or unusual background. Focused on delivering workable solutions whatever your circumstances, Enness can source a financing solution for you, even if others have failed.