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High Value UK Mortgage for US Resident

12th September 2022
GROUP MD

Hugh Wade-Jones

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High Value UK Mortgage for US Resident
Hugh Wade-Jones
GROUP MD

Hugh Wade-Jones

Key Figures: 

  • Client: Australian National & US Resident
  • Property type: Holiday home
  • Property Value: £18,850,000
  • Loan Amount: £9,595,000
  • LTV: 65%
  • Interest Rate: 3.75% fixed for 5 years

With a strong real estate market and straightforward access to financing, the UK is still one of the most alluring countries for property investment. The variety of real estate available, including buy-to-let property, country estates, pied-a-terres and vacation homes, makes the UK an especially appealing market for American clients. 

In this case, we assisted a US resident in financing an £18.85 million country estate situated in the historic county of Gloucestershire. The client was willing to contribute with a 35% deposit and approached us looking for a UK mortgage. The majority of the client's income was derived from intellectual property rights alongside stock options paid offshore. 

Although US residents and citizens have no restrictions to purchasing real estate, obtaining a UK mortgage as a non-resident can be difficult, particularly if you wish to buy property over £1 million. Moreover, you might not be familiar with the procedures and laws governing UK real estate purchases. Here, understanding the key differences between the UK and the US markets, from how a mortgage application is normally made to the function of a real estate agent, will be vital. 

Whatever your financial situation and borrowing capacity, Enness will walk you through all of your alternatives and help you understand what lenders need to know in order to give you the best financing deal. Our team has a track record of obtaining exceptionally competitive UK mortgages in these circumstances. Your broker will put you in touch with lenders who are prepared to lend to you and can satisfy your needs. 

Taking the client's long-term interests and global assets into account, we were able to secure a 5 year fixed rate mortgage at 3.75%. Get in touch with Enness' team of UK mortgage brokers today to learn more about how the team can support you with securing a UK mortgage.