Case details:
- non-UK resident in Hong Kong
- Semi detatched property in Bristol
- 65% LTV total lending
- 11 year term
- £355,000 property value
- 53 day completion
For a RAW Mortgage you don’t need a UK bank account, quite the opposite actually! We require interest payments from a non-UK account.
This suited our Hong Kong national and resident client perfectly. They were establishing a UK presence with the purchase of a new build three bedroom, semi-detached property in Bristol. Providing 65% LTV on this case gave the client the financing they needed to complete on this purchase.