Objective
Client is a British Expat, living and working overseas in Nigeria, wanting to purchase a residential home in the UK for when they return throughout the year.
Obstacle
Navigating through lender restrictions based on countries and income sources, particularly with the client earning in foreign currency and not affiliated with a multination corporation, posed significant hurdles for the introducing broker on this case.
Outcome
Brightstar secured a mortgage at an impressive 90% LTV, leveraging access to lenders with a broader international scope. Income conversion challenges were overcome by utilizing the most favourable exchange rate from the past two years, thereby optimizing affordability. The case was placed on a 2-year fixed rate of 6.9%, with the broker providing the advice and receiving half of the enhanced proc fee on completion.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
