- Client: Overseas-based client relocating to the UK
- Challenge: Securing a mortgage using foreign currency income while returning to UK residency
- Loan Amount: Circa £430,000 mortgage at approximately 70% loan-to-value
An overseas-based client approached Enness Global while preparing to relocate permanently to the UK. Although returning to live in Britain, the client would remain employed by their overseas employer and continue to receive income in a foreign currency. They were seeking finance to purchase their first UK residential property, valued at approximately £600,000.
The transaction presented several challenges. Many mainstream lenders prefer applicants to be permanently resident in the UK with income paid in sterling and an established UK address history. Borrowers relocating from overseas while earning in a foreign currency often fall outside standard lending criteria, significantly reducing the number of lenders willing to consider the application.
Drawing on our specialist lender relationships, Enness Global identified a lender able to take a pragmatic view of the client's employment circumstances and stable foreign currency income. A mortgage of approximately £430,000, representing around 70% loan-to-value, was structured following a holistic assessment of affordability and the client's wider financial position, despite the additional currency considerations.
This case demonstrates how specialist mortgage solutions can support internationally mobile borrowers whose circumstances fall outside conventional lending criteria. By identifying a lender comfortable with foreign currency income and relocation scenarios, Enness Global helped the client secure funding for their first UK home while maintaining continuity of employment overseas.
Disclaimer
This case study is provided for illustrative purposes only and does not constitute financial, legal, tax or investment advice. The client scenario has been anonymised and certain details have been generalised to protect confidentiality. Finance is subject to status, underwriting, valuation, asset suitability and lender criteria. Loan amounts, loan-to-value ratios and lending structures are indicative only and may vary depending on individual circumstances. Enness Global acts as a credit broker and not as a lender.
Risk Warning
Your home may be repossessed if you do not keep up repayments on your mortgage or any debt secured against it.
Foreign Exchange Risk Warning
Where income or assets are held in a foreign currency, exchange rate movements may affect affordability and the cost of servicing a loan. Changes in exchange rates could increase the amount required to meet repayments when converted into sterling.
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.
Property values can fall as well as rise, and you may not get back the amount originally invested. Property investments can be illiquid and may take time to sell. Where borrowing is used, your property may be repossessed if you do not keep up repayments on a mortgage or other loan secured against it.
