Expatriate, Foreign Currency , Split Title & Split Use Mortgages By Chris Morgan, Lead Financial Adviser & Mortgage Commentator
Unusual Mortgages are the UK’s leading Specialist mortgage adviser for applicants looking to find Mortgages for properties and applicants in Unusual circumstances.
Here are some of the leading areas that we have arranged mortgages for clients …
We have access to Niche Lenders and Private Banks that may take a different view of your dream residential or ideal but to let property. The Unusual circumstances listed below you may have difficulty attracting mortgage finance, through mainstream mortgage advisers – however we do have product solutions for all of these situations.
Expat mortgages. Foreign Currency Mortgages, Large Value Mortgages, Split Properties / Title Deeds, Flats Above Commercial Premises and Commercial Mortgages are all difficult to obtain at this moment in time. All of our lenders will require proof of your employed or self employed income, please have this ready when contacting us for advice.
But we do have mortgage lenders and product solutions for all of these product areas.
Expatriate Mortgages
We recently agreed a “Let To Buy” double mortgage for a client resident in the USA, who already owns property in London. His salary was in US Dollars, so the sanctioning of the Mortgages needed to take into account currency fluctuations between US Dollar and UK Sterling. Total Amount of Mortgage we successfully agreed was £730,000.
Foreign Currency Mortgages
We recently agreed a “Buy To Let” Mortgage for a First Time Buyer for a client resident in the USA, who’s salary was in US Dollars and Swiss Francs. He was able to purchase a house in Islington, London. Total Amount of Mortgage we successfully agreed was £800,000.
Large Value Mortgages
We have recently agreed a Large Value Mortgage for a first time buyer client, who wanted to buy a property in Clifton, Bristol for a purchase price of £1,000,000. The property was split use both residential and buy to let, with planning permission to convert outside stables into an annex. Total Amount of Mortgage we successfully agreed was £800,000.
Split Properties / Title Deeds
Another mortgage we have recently completed was for a first time buyer, who had found their “Marquee Country Home”. However the property consisted of a main residence alongside an annex residence – within only one set of title deeds, which can be extremely difficult to mortgage. Total Amount of Mortgage we successfully agreed was £480,000.
Flats Above Commercial Premises
We are currently arranging a mortgage on a “Marquee Apartment” in a Mansion block in Earls Court London, which has a commercial element to the building on the ground floor. Even though the property is of high value and quality, many lenders will restrict the amount borrowing on these properties, or decline them, completely. Total Amount of Mortgage we successfully agreed was £720,000
Commercial Mortgages
We recently introduced a business client to a “Commercial Mortgage” lender, as he wanted to re-mortgage his property that consisted of two buy to let flats, located above a retail unit. High Street lenders were not able to assist due to the complicated nature of the security. Total Amount of Mortgage we successfully agreed was £500.000
Unusual Mortgages
Even through these most difficult economic times, we have been finding mortgages for significant amounts of money for people in Unusual circumstances. All of these applicants were mainly having issues attracting finance through their residential status (Expats), Income Situation (Foreign Currency) or Property Security Issues (Marquee Properties).
A to Z of Mortgage Issues
If you would like to know more about the types of Mortgages that we arrange you can find a comprehensive “A-Z of Mortgage Issues” on the right side bar of this page. If you would like to know about a Mortgage that is not on the list, then be sure to contact us using the details at the bottom of this article.
15 Minute Mortgage Assessment
Unusual Mortgages offer a 15 minute free mortgage assessment over the phone for anyone that has been turned down for a mortgage elsewhere. We will confirm if the decision you were given is correct and assess your options across all of the lenders on our manual research list, from which we tailor bespoke solutions for our clients.
If you have been turned down for a mortgage or are worried about approaching lenders due to the way you have been treated in the past, why not give us a call. Within 15 minutes you will know if your hopes and aspirations are a reality, with a sound opinion from the most experienced mortgage broker in the United Kingdom at placing “Unusual Mortgages”.
If you require more information on Complex Mortgages, Commercial Mortgages, Expatriate Mortgages, Foreign Currency Mortgages, Large Value Mortgages. Marquee Property Mortgages, Multiple Mortgages, Split Use Mortgages, Split Title Mortgages, Portfolio Landlords you can contact Unusual Mortgages on UK 0845 474 3075 or International +44 1404 45397, email at enquiries@unusualmortgages.co.uk