Large UK Mortgage for HNW Malaysian National

Head of Insurance

Victoria Barton

South Kensington Property Finance for HNW Malaysian National
Victoria Barton
Head of Insurance

Victoria Barton

Key Figures: 

  • Client: Malaysian National & Resident
  • Property type: Investment property
  • Property Value: £2,300,000
  • Loan Amount: £1,725,000
  • LTV: 75%
  • Interest Rate: Fixed rate of 5.99% per annum

The UK is one of the most attractive countries for property investments, given the buoyancy of the market, availability of finance and choice of real estate on offer. Lending is competitive, and there is a vast selection of creditors available, including those that serve buyers making high-value property purchases and non-UK residents.

London property, in particular, is popular with Malaysia-based borrowers, given the wide variety of investment properties, pied-a-terre's, buy-to-let options, holiday homes and larger family residences on offer.

In this case, we were approached by a self-made Malaysian entrepreneur with a strong annual income and multiple businesses operating in South East Asia. With their children relocating to the UK, the client was looking to purchase a property located in South Kensington worth £2.3m and was willing to put down no more than 30% of the property value as a deposit. 

There are no restrictions on foreign ownership of property in the UK, regardless of nationality. Securing a UK mortgage always tends to be more complex for non-UK residents, regardless of your nationality or overall net worth, and in this respect, Malaysian borrowers are no exception. Mainstream lenders, in particular, tread carefully when it comes to non-resident borrowers, particularly if you are looking to borrow a significant amount or buy high-value property (anything over £1 million).

Enness will look carefully at your financial situation, global assets and income to identify the best mortgage product for you and which lenders will best meet your needs. In this instance, we approached a specialist lender who was able to offer an attractive 75% LTV (loan-to-value) mortgage to the client. 

Enness has a track record of successfully supporting expats and non-resident investors to secure highly competitive UK mortgages. Enness will facilitate your access to lenders, negotiate the best rates and terms for a UK mortgage and ensure you secure a property finance package efficiently and with minimum stress. To discuss your scenario, get in touch today. 

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