eSignature Legitimacy for Mortgage Quote Request in United Kingdom

How to eSign a document: eSignature legitimacy for Mortgage Quote Request in United Kingdom

[Music] hi simon murphy here founder of mymortgagedeal.com.uk and i'm here to help you buy refinance or release equity from your uk property wherever you live worldwide question we're going to consider this episode is one that is common with high net worth individuals and that is i need a multi-million pound mortgage but i'm living overseas so we'll consider that question in this episode [Music] thanks for tuning in the question we're going to consider applies mostly to high net worth individuals and it is i need a multi-million pound mortgage but i live overseas what is the solution well we're going to consider the solution and the things to consider with uh with this question this is quite a common question as i've mentioned from high net worth individuals usually applies to top executives or businessmen or women sports people entrepreneurs especially in the tech space in these in these uh times and also portfolio landlords who are perhaps living overseas but mostly these uh individuals their careers or their businesses have taken them to far flung corners of the earth of the world and they now need to look at the facilities for their mortgages on the properties that they hold in the uk what are some of the things that we need to consider them with this well many expat lenders they restrict their maximum loan size to half a million or in some cases to three quarters of a million 750 and the other thing that most expat lenders restrict is that they only lend to uk nationals so they won't consider the foreign national the person perhaps as a canadian passport or american or hong kong passport so you can imagine if you're a top canadian businessman living in paris say and you need to finance your multi-million pound mortgage in london then you're going to struggle to find a solution also when considering a multi-million pound mortgages there are extremely few lenders that are going to go to the higher levels however we've got exclusive arrangements with global banks with specialist lenders with even offshore and private banks that can help in these particular scenarios and also these lenders do not have any nationality or residency restrictions so you can see that this really is a good fit for the multinational client that needs this solution we have a case study or an example of this a usa national living in dubai now he had multi-property holdings in the uk and in particular his main family home well it was valued at around 4.5 million and he his mortgage was 2.25 and this was coming up for renegotiation with the lender now when the lender explored his residency at the time of course living in dubai this was not suitable to that lender so he needed a solution the good thing was a quick call to ourselves and we were able to find very favorable terms with an offshore lender and we were also able to change the deal for him to an interest-only facility to free up monthly cash flow so i hope you find this episode interesting and and the question of use please like or subscribe for further updates and as always please uh post your comments or questions below as it really does help the community thanks for tuning in and see you on the next episode [Music] you