What Is An Expat Mortgage Broker?
An expat mortgage broker is a specialist finance provider that serves as an intermediary between borrower and lender. Although banks and building societies usually provide their own products, an independent broker can usually get a much better deal on behalf of the borrower by searching the whole market for an appropriate product. We can provide and number of expat mortgages and financing for the UK and various other countries via our special relationship with lenders around the world. We have 10 years of experience helping expats to secure financing for their new and existing properties. If you are an expatriate based anywhere in the world and outside of the United Kingdom we can secure mortgage financing via our network of expat mortgage lenders.
Understanding The Mortgage Process
Being whole of market mortgage brokers allows us to place business with the most appropriate lenders. We are not tied to offering products from a single or group of companies and can go to any lender who offers the best deal. This is without doubt the main advantage in using a Mortgage Broker.
The process starts with a brief chat with one of our fully trained CeMap qualified mortgage advisers who will firstly run through a financial fact find to make sure we have all the necessary details before sourcing a mortgage. We have a short 4 page Decision In Principle (DIP) form which applicants can complete using the information they have from memory.
After sourcing the mortgage we will return a terms of business proposal to you. It confirms the basic details of the finance such as the loan amount required, property valuation, length or term of the quoted mortgage, whether the repayment method is interest only or capital and interest, product type, interest rate, fees being charged, life insurances required, penalties payable if you make early repayments, additional features (such as a free valuation or cash back).
Our advisers will explain any part of the terms of business to you and will then follow your wishes and without any form of pressure. We allow you to absorb and compare the information in your own time and answer any questions you may have. Alternatively if you would like to continue we will start to complete the mortgage application process on your behalf after payment of our upfront mortgage application fee.
Depending on your circumstances and chosen lender, varying amounts of additional documentation and information will be required, which will be listed to you at this stage. Once the outstanding information is received your adviser or their administration assistant will fully submit your details normally on line or manually through to the chosen lender. Providing all the information given is correct, the application would usually be approved by the lender and a final list of any further outstanding information forwarded by them. This information will be submitted to the lender when available, and we will begin processing your case through to formal offer stage. A formal mortgage offer at this stage can take anything from a few days to weeks or even months depending on the lender chosen and when available a copy will be sent to you, your chosen solicitor and to us. We will then check the contents are correct and make any alterations.
Types of Mortgages We Can Arrange For Expats or UK based Residents
First Time Buyer Mortgages, Remortgages, HMO Mortgages, Shared Ownership Mortgages, Interest Only Mortgage, Second Charge Mortgage, Offshore Mortgages, Secured Loans, Offset Mortgage, Expat Mortgages, Large Mortgage Loans, Buy To Let Mortgage, Commercial Mortgage, Help To Buy Mortgage, 95% Mortgages, Repayment Mortgage, Multi Currency Mortgages, Development Finance, UK Mortgages, – Temporary Workers, New Build Mortgages, Large Loans, International Mortgage, Private Banking, Contractor Mortgages, Short Lease Mortgage, 90% Mortgages, Celebrity Mortgages, Bridging Loan, Professional Mortgage, Second Home Mortgage, Equity Release Mortgage, Overseas Mortgages, Mortgage Calculators, Private Bank Mortgages, Fund House Mortgages
Countries We Currently Arrange Financing
Australia Mortgages – New Zealand Mortgages – United Kingdom (UK) Mortgages – United States Mortgages – Canada Mortgages – Thailand Mortgages – Malaysia Mortgages – Japan Mortgages – France Mortgages – India Mortgages – Singapore Mortgages
If you are needing a mortgage for a different country just get in touch we may have other lenders available in other countries