Overseas and Foreign Currency Income Mortgages
Overseas income mortgages are mortgages for individuals earning an overseas income or income in a foreign currency. Typically customers approaching us earn income in a range of currencies such as US Dollar, Euro, UAE Dirhams, Saudi Riyals, Australian Dollar and Swiss Francs to name a few.
We work with a number of a lenders that can consider income in any currency, subject to embargo restrictions.
Recent changes to regulation have made it more difficult for individuals with overseas income or foreign currency income to obtain a mortgage in the UK. Many banks and building societies throughout the UK have been reluctant to lend to individuals with an overseas income and will increasingly only accept certain currencies when assessing affordability of a mortgage application.
For overseas income mortgage applicants, specialist mortgage advice and assistance may be required. This is where Capital Fortune can assist.
Overseas income mortgages can be found using our help. Capital Fortune in recent years have established excellent relationships with a number of providers offering overseas income mortgages and their senior underwriters. Utilising these links and contacts, we can increase your chances of a successful application often obtaining packages not available to individuals on the High Street.
All clients will be guided and assisted throughout their application from their initial enquiry until the completion of their application and beyond. Capital Fortune are experts in finding overseas income mortgages for our clients at the right rate with the right lender and importantly at the right time.
There are three stages to our award winning process:
|Typically clients using the service, tell us they want to discuss their current situation and take us through any difficulties they may have. We can quickly give an indication as to the feasibility of what they are looking to do, undertake detailed research on the potential rates, confirm we can safely assist and importantly, express how we operate.|
|2||Approval in Principle|
|This stage involves completing a 45 minute Mortgage Fact Find questionnaire over the phone to fully assess needs and requirements. Once complete, we undertake research across a comprehensive panel of lenders to recommend the right mortgage. A detailed illustration is provided which we will take you through. If you are happy with the illustration we will then request documents from you to support the application. On receipt of the documents we will obtain formal approval in principle from the lender.|
|We will process your full mortgage application and liaise directly with the lender on your behalf. We organise the valuation and deal with any issues that may arise during the mortgage application.|
We still appreciate however, we are not right for everyone and typically we best assist clients
- With non-standard/non-traditional requirements;
- That are time pressed and need the most competitive and quick results; or
- That just need an independent guiding hand through the minefield of products to obtain them the most competitive deal and to assist them through all the complexities within the mortgage process.
We pride ourselves on delivering advice which is accurate, tailored to your situation and fully compliant with Financial Conduct Authority (FCA) guidelines and best practice.
For help and assistance, call us today on 0207 710 0400 to speak to one of our Mortgage Advisers.
Find out current best rates
|0.99%||Discount||2 years||4.99%||4.4%||2 years||£2149|
|0.99%||Discount||2 years||4.75%||4.3%||2 years||£0|
*APR = Annual Percentage Rate *ERC = Early Repayment Charge
*These figures are only illustrative. An assessment of your needs will be confirmed before a recommendation can be made. A Key Facts Illustration, which is personal to your circumstances, will be provided if a recommendation for a mortgage product is made.