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International investor's first UK property venture

A Chinese buyer wanted to purchase their first UK investment property

Case studies / From renter to holiday let owner

Summary

When a Chinese buyer wanted to purchase their first UK investment property, they faced a common stumbling block: a lack of UK banking history. But with the right lending approach, we turned a potential roadblock into a successful property purchase.

International investor's first UK property venture

A Chinese buyer wanted to purchase their first UK investment property

The applicant

Our buyer had their sights set on UK property investment. While they had the funds ready, they lacked a UK bank account and credit history, something many lenders consider essential to the process.

The property

The buyer identified an opportunity in London, an investor-led flat priced at £600,000. The flat's location and setup made it an attractive investment in the capital's busy rental market.

The strategy

Rather than letting the lack of UK banking history stop them, the buyer worked with their broker to find a mortgage that matched their situation. They needed 75% loan-to-value (LTV) financing, which many traditional lenders would shy away from without established UK credentials.
Key details

Purchase price: £600,000

Loan amount: £450,000 (75% LTV)

Property: London flat

Main hurdle: No UK banking presence

The application process We looked at what mattered:

Strong overseas financial position

Quality of the investment property

London location

Long-term investment plans

Mortgage outcome

Working with their broker, we considered the buyer's full circumstances and moved forward with two solid options. A standard repayment mortgage or an interest-only alternative, each with 5-year fixed rates. This gave the buyer flexibility to match their mortgage choice to their investment goals, while keeping their monthly payments predictable during the early years of UK property ownership.

Key takeaways

1
UK banking history not essential for qualified buyers
2
Fixed rates can help overseas buyers plan ahead
3
Interest-only and capital repayment options offer choice for international borrowers
Smart lending solutions mean international investors can enter the UK property market successfully, even without a traditional banking history.

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