A broker approached us with an ex-pat couple living in Bangkok both working as teachers at an international private school.
The couple had been renting out their main residence in the UK for over 2 years and were looking to purchase another buy to let property to increase their portfolio.
The clients were able to provide 2 years SA302’s for their current buy to let and the underwriters picked up a clear credit footprint on both the clients. They were purchasing the property in their personal names.
✔ Ex-pat clients
✔ Broker Procuration fee: 0.7% of the loan advanced
Property value: £400,000
Loan amount: £285,000
LTV: 70% LTV
Rate: 3.54% 5-year fixed rate
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