Case details:
- Non-UK resident in Nigeria
- New build apartment in Central London
- 65% LTV lending
- 10 year term
- £610,000 property value
UK SPV’s are becoming a more popular form of property ownership, and here at RAW, we are able to provide an offshore mortgage to our international client base, whilst securing the loan against the property held via the UK company.
On this occasion, we were approached by a Nigerian client, looking to secure a 65% LTV loan against a £610,000 new build apartment in central London. using our option to have the mortgage provided by the UK company (which also owns the property) and the loan written to the client, they were able to get the best of both worlds by having an onshore property holding vehicle, with the flexibility of an offshore loan.