In light of the ever-increasing regulatory challenges facing mortgage companies, many have decided to introduce strict policies regarding high value mortgages and high risk nationalities. Many people, through no fault of their own, will find little or no appetite for mortgage finance simply because of their nationality. Some of the so-called high risk nationalities include Iran, Nigeria, Pakistan and Russia although some banks refuse to lend to those from Saudi Arabia, Turkey and even Australia.
This impasse has created something of a vacuum within this specialist area of the mortgage market. However, using our contacts, years of experience and negotiating skills, we have succeeded where so many have failed.
Even though the sums involved in high value mortgages are significantly greater than those in the traditional market, they are still supported by an appropriate level of security and collateral. The idea that an individual, from the so-called high risk nationalities, may be cut out of this market for no apparent reason seems to go against the competitive nature of the financial markets. Surely, if the relevant paperwork is in place and money-laundering obligations have been met, is this fair?
Here at Enness Mortgages, we recognise the role played by foreign investors in for example London and the UK market as a whole. We appreciate their input into the wider global economy and thankfully we are able to help many in their pursuit of appropriate finance. Over the years we have successfully sourced finance for clients from an array of high risk nationalities such as Iran, Nigeria, Pakistan and Russia. By bringing together the required paperwork, relevant security, a financial footprint and legally binding agreements, we have created a reputation in this market which is second to none.
Historically, political issues in far-away countries very rarely made headline news in the UK with politically exposed persons often going unnoticed. The Internet and appetite for global news have changed this. Over the years we have seen an increase in the number of politically exposed persons looking to arrange perfectly reasonable finance for perfectly reasonable investments. Working with complete discretion and confidentiality, often via family offices, we have a step-by-step process to achieve the end goal of high value mortgage finance.
On the surface, it seems almost impossible to achieve competitive rates for high risk nationalities looking for high value mortgages. The regulatory risks, the legal requirements and the risks companies associate with specific countries have not helped competition. Slowly but surely we have been chipping away at this issue for many years now, bringing together the elements required to negotiate a deal. Competition in this area is increasing; financial groups are now a little more welcoming of so-called high risk nationalities, leaving us to negotiate a fairer deal.
We would welcome the opportunity to discuss your specific requirements in more detail, with the aim of putting together a bespoke high value mortgage offer. We will advise you on the paperwork required, costs, likely rates of interest and utilise our full network of contacts to secure the best terms in the market today. We have experts available 24 hours a day seven days a week, waiting for your call.