Key facts:
- Iranian National
- Residential property in London
- Property value: £12,000,000
- Mortgage amount: £7,200,000
- LTV: 60%
- Term: Up to 25 years
Over the last couple of years, we have arranged property finance for more than 78 different nationalities across 20 different countries. Securing residential property finance for foreign nationals is always a challenging process, particularly for those who don’t live in the country of purchase.
We were recently approached by an Iranian national who was looking to purchase residential property in London valued at £12million. Unfortunately, the vast majority of UK lenders consider Iran a ‘high risk’ country and hence will be reluctant to lend due to the increased due diligence required.
This is where our independent status comes into its own, allowing us to discuss bespoke arrangements with traditional banks, private banks, as well as niche lenders. The fact we are able to talk to in excess of 500 different lenders gives us great scope for negotiation. As such, we were able to put together an attractive package for the £7.2 million mortgage.
If you have a relatively complex financial situation/residency status, please feel free to give us a call for a no-obligation chat. Enness knows this area of the market inside out. We have proven experience in doing this and a strong network of lenders, including private banks and Sharia-compliant lenders, who are happy to consider mortgages for Iranian borrowers. Enness brokers will help you prepare your application and will always negotiate the best terms on your behalf.
Information contained in our case studies is for market and illustrative purposes only. In some cases, these may be made up of multiple cases and are for illustrative purposes only.
Some case studies are made up of enquiries that have come into the business, not all business completes, and the posting of a case study does not represent a completed piece of business.
