Investec launch UK expat and foreign national mortgages for high-net-worth borrowers in Dubai and Switzerland
Investec has launched a buy-to-let mortgage proposition for clients with a UK footprint who are residents of Dubai or Switzerland.
To meet its acceptance criteria, the private bank requires its customers to have £3 million in net assets and £300,000 of income generated outside of the property they are trying to secure a mortgage on.
Investec is one of several private banks targeting wealthier foreign clients and British expats seeking £1 million+ mortgages. To qualify, expats and international clients must have a UK nexus credit report showing their credit footprints and assets outside of property interests, highlighting any businesses, properties, assets, or investments they own in the UK.
When lending to individuals or SPVs (special purpose vehicles) Investec requires a 100% personal guarantee and six months' rent deposited with Investec. Applicants must also provide a 40% deposit. The maximum mortgage term is five years, and interest-only or capital and interest facilities. Fixed and tracker rates are available.
How many lenders offer large loan expat and foreign national mortgages?
Trinity Financial’s brokers have access to a range of lenders offering expat and foreign national mortgages, often to clients with credit footprints in the UK. However, private banks are keen to issue larger mortgages to wealthier international clients.
One building society has just launched 90% expat residential mortgages. As with all its expat deals, the society can lend to UK nationals in most countries worldwide, including Europe, Australia, Dubai, Saudi Arabia, China, Singapore, and the US.
The lender has also updated its foreign income policy and can accept 15 different foreign currencies up to 90% loan-to-value on standard UK and expat applications.
Call Trinity Financial on 020 7016 0790 to secure a high net worth mortgage, book a consultation, or complete our mortgage questionnaire.
The information contained within was correct at the time of publication but is subject to change.
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