Foreign Nationals Living Abroad
Many foreign nationals living abroad view the United Kingdom's property market as a huge investment opportunity. People in this group that would like to expand their property portfolio are often underserved by the lending community. Not being a resident or even living in the UK can pose as too high risk for many lenders, especially on the high street.
Working with West One, they would be able to apply for a Buy-to-Let mortgage to purchase a rental property; holiday lets, House in Multiple Occupation (HMO) and Multi-Unit Freehold Blocks (MUFBs) as long as they have been a UK landlord for 12 months and have a clean UK credit profile (mortgage, bank account, credit card etc).
It is a great opportunity to increase their product portfolio and income. West One’s fast and flexible service enables us to work with this group to provide various schemes and land even if it does not have planning permission.
Whether your client is a British Expat, non-UK citizen resident here or even living abroad, they can still apply for funding with West One. If they are looking to purchase an additional UK property, need to raise funds across an existing UK portfolio or refinance their current secured loans, please get in touch with one of our experts.