I am a UK expat retired and living in the USA. I am 76 years old. Net worth (ex-home) of >$3M and annual income >$150K. I presently have owned a holiday let outright in the UK for 19 years and looking to buy another holiday let - probably £325K purchase. - just two doors away from my present holiday let - similar situation and setting. Gross rental history of present property averages >£14K per year. Looking to get a mortgage on the new property. Stuart.
Ask the Specialist response:
Thanks for getting in touch.
It is not unusual for us to assist clients abroad who are looking to purchase a holiday let property in the UK. Although there are challenges with you having been out of the UK for so long and your age at the outset of the mortgage term, we typically assist clients in exactly this situation. The lenders which we work with are holistic and look at each case on its own individual merits, often being receptive to those paid in an established foreign currency such as US Dollars, Euros, UAE Dirhams and Australian Dollars.
If you wish to obtain an indication on whether we are able to assist you, given your specific circumstances, I'd recommend speaking to one of our Advisers on 02077100400 or send us an enquiry online and one of our Advisers will call you back.