Case studies
British expat, resident in Singapore, UK home purchase
Buy-to-let
Singapore Resident
About the client
- Our client was a British expat who was living and working in Singapore.
- An LLP Partner at a global law firm he wanted to purchase large detached freehold house in Richmond, London.
- The property would be used by the family when in the UK and the future full-time residence on return to the UK.
- The agreed price was £3m and he required an 75% loan to value mortgage
Solutions
- We secured the full 75% LTV mortgage with a retail bank which offers retail UK home mortgages to non-UK residents in
- A highly competitive interest rate, low flat bank fee and free valuation
The key figures and terms
- The purchase outline:
Purchase price
£3M
Mortgage
£2.25M
Client deposit
£750K
Loan to value
75%
- Purchase costs:
Stamp duty
£333,750
Solicitor cost
£5,000
Mortgage valuation
£0
Bank fee
£999
Total
£339,749
- Clients total cash investment:
25% Deposit
£750K
Purchase costs
£339,749
Total
£1,089,749
- Mortgage terms:
Product
5-year fixed
Rate
-%
Term
25 years
Payment type
Repayment
Monthly payment
£-
Bank fee
£999
Valuation fee
Free
Legal costs
Free
