£2M remortgage for high-net-worth expat client with complex income profile
£2m · 65% LTV · interest-only remortgage
In short
How was £2M remortgage for high-net-worth expat client with complex income profile financed?
Clifton International arranged expat remortgage for this UK asset · International income transaction — £2m, 65% LTV, interest-only remortgage. We approached three private banks used to complex international income, negotiated on rate and set-up fee, and structured an interest-only facility supported by wider assets under management.
- Location: UK asset · International income. Finance type: Expat remortgage.
- Headline terms: £2m · 65% LTV · interest-only remortgage.
- A UK national living overseas held a prime UK home on an expensive standard variable rate. Multi-currency income across three jurisdictions and non-standard bonus structures ruled out most high street options.
- Monthly cost reduced significantly versus the previous SVR; client freed cashflow for further international investment.
- Loan amount
- £2,000,000
- LTV
- 65%
- Term
- 5-year fixed
- Repayment
- Interest-only
- Client
- HNW expat
- Security
- Prime UK residence
- Challenge
- A UK national living overseas held a prime UK home on an expensive standard variable rate. Multi-currency income across three jurisdictions and non-standard bonus structures ruled out most high street options.
- Solution
- We approached three private banks used to complex international income, negotiated on rate and set-up fee, and structured an interest-only facility supported by wider assets under management.
- Funding structure
- £2m remortgage, 65% LTV, 5-year fixed, interest-only.
- Outcome
- Monthly cost reduced significantly versus the previous SVR; client freed cashflow for further international investment.
More UK case studies
Related transactions
£1.3M bridging loan to support a significant upsize in Leeds
£1.3m · 65% LTV · 12-month regulated bridge
£230k bridging loan secured against UK property to buy a Malaga apartment
£230k · c.25% LTV · 36 days to completion
£1.2M bridging loan secured to complete dream home purchase in Oxfordshire
£1.2m · 60% LTV · chain-break bridge
FAQs
Questions on this case
- Can expats remortgage a UK property?
- Yes. UK nationals living overseas can remortgage UK property, but most high street lenders restrict or decline applicants who are non-UK resident. Private banks and specialist international lending teams regularly arrange expat remortgages — in this case a £2m interest-only facility on a prime UK residence.
- Can I get a UK mortgage with foreign or multi-currency income?
- Yes, though it narrows the field. Lenders with international underwriting teams will assess multi-currency income, bonuses and income across several jurisdictions. This client earned across three currencies in three jurisdictions, and the case was placed with a private bank comfortable with that complexity.
- Is an interest-only remortgage available to expat clients?
- It can be, particularly with private banks. Interest-only is often supported where there is a credible repayment route — such as wider assets, business interests or a planned sale. Here, the interest-only facility was supported by the client's wider assets under management.
- Why remortgage off a standard variable rate?
- A standard variable rate is typically the most expensive way to hold a mortgage. Remortgaging onto a fixed-rate facility — as this client did with a 5-year fix at 65% LTV — materially reduced the monthly cost and freed cashflow for other investment.
More answers in our UK mortgage FAQs, covering standard mortgages, expat applications, foreign-currency income and bridging.
Ready to explore your options?
Speak to a UK property finance specialist.
A discreet, no-obligation conversation with a UK-based adviser who understands the full UK lending landscape — residential, bridging, development and commercial.