![UK Mortgage for Expat in Saudi Buying Property for Son UK Mortgage for Expat in Saudi Buying Property for Son](/cliftonpf-co-uk/_img/UK-mortgage-for-expat-in-Saudi-buying-property-for-son.jpg)
UK Mortgage for Expat in Saudi Buying Property in Manchester for Student Son
Getting a UK mortgage as a resident of Saudi Arabia has become more difficult in recent years. Lenders are tightening their lending criteria for Saudi residents, and there are fewer options to choose from.
If you're buying a home for your family back in the UK while you work abroad, it can be even more challenging - despite it being a very common desire for British expats.
The Scenario
Our client was living in Saudi Arabia for work, along with his wife and the majority of his family.
However, his son was back home living in the UK, studying full-time at University in Manchester.
The client was a high earner, bringing in the equivalent of £180k per year in Saudi riyal (SAR).
Their plan was to purchase a family home in Manchester based on the clients' new larger salary, for their son to live in during his studies. The family would move back in a few years' time at the end of the client's employment contract.
Once returned, he could then remortgage at a lower loan to value ratio and as a UK resident, securing a lower rate - but for the meantime, required initial funding to get the purchase over the line: they had identified a beautiful property in the outskirts of Manchester for £700k that they were determined to secure.
The Solution
Saudi Arabia has recently been creeping up the ranks of countries that are difficult to place mortgages for residents of. It's not impossible, but when there are additional complications it takes a skilled broker to navigate the application and identify the right lender.
Because our client would neither be renting the property nor returning to live in it any time soon, there was a lot of overlap with buying a house for a dependent - something that fewer lenders are happy with, and even fewer that don't require you to be based in the UK.
After some detailed conversations with the underwriters at some more 'international-friendly' lenders, our broker was able to produce a competitive offer for our client, despite the complications.
-
We gave additional paperwork on the clients' income, employer, employment contract, end-of-contract bonus details, residency, and more.
-
We spoke to the underwriters personally about high-level application details, as well as the clients' broader situation and plans to return to the UK in 2-3 years.
-
And we kept our client updated every step of the way - from securing the AIP to getting funds sent to the solicitors on completion day.
If you've been put off the idea of applying for an expat mortgage due to initial conversations with your existing UK bank, mortgage broker, or anyone else, don't hesitate to get in touch with us to enquire about your situation.
We can provide a sense-check of your options and the viability of your plans, and will support you throughout your entire application if you choose to proceed.
Simon Mullins
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Paige Dumpleton
Finance Broker CeMAP
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Max Mallinson
Finance Broker CeMAP
Cardiff
0117 332 5977
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book a free telephone consultation with me at a time to suit you.
Book ConsultationJonathan Moffatt
Head of Business Finance
Cardiff
0203 880 8890
Do you need help sourcing your own business finance?
I have extensive experience securing finance for a wide range of businesses. Book a free telephone consultation with me at a time to suit you.
Alex Morris
Private Client Adviser
Bristol
0117 332 5061
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Scott Dutfield
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you
Carly Cheeseman
Head of International
Bristol
0117 457 9922
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Nick Kerley
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Specialist Car Finance
Broker Finance Team
Bristol
0203 900 4322
Do you need help sourcing car finance?
Speak to our finance team or book a team to speak that suits you.
Book ConsultationBusiness Finance
Business Finance Broker Team
Bristol
0203 880 8890
Do you need help sourcing business finance?
We have extensive experience sourcing unsecured and secured finance for businesses. Book a free telephone consultation with our business loans broker team at a time to suit you.
Mortgages & Short Term Finance
Mortgage Broker Team
Bristol
0117 959 5094
Do you need help sourcing a UK mortgage?
We have extensive experience securing 1st and 2nd charge mortgages. Book a free telephone consultation with our mortgage broker team at a time to suit you.
7 Reasons why you should use a specialist mortgage broker »
Book ConsultationDevelopment Finance
Broker Team
Cardiff
0117 959 5094
Do you need help sourcing UK property finance?
We have extensive experience securing UK development finance. Book a free telephone consultation with our team at a time to suit you.
Expat and Foreign National Mortgages
Broker Team
Bristol
+44 203 900 4322
Do you need help sourcing UK property finance?
We have extensive experience securing UK mortgages for clients based outside the UK. Book a free telephone consultation with our team at a time to suit you.
Louis Levine
Finance Executive CeMAP
Bristol
0117 457 7862
Are you looking for a similar type of property finance?
Get in touch today and find out how I can help.
Do you need help sourcing your own property finance?
I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.
Bridging Team
Clifton Private Finance
Bristol
0117 959 5094
Are you in need of a similar type of property finance?
Book a free telephone consultation with one of our bridging specialists today and see how we can help you.
Book ConsultationSam Baker
Finance Broker
Cardiff
0117 959 5094
Are you looking for a similar type of property finance?
As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.
Fergus Allen
Senior Finance Broker
Cardiff
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book a free telephone consultation with me at a time to suit you.
Book ConsultationJacob Phipps
Finance Broker
Bristol
(+44) 0117 959 5094
Are you looking for a similar type of property finance?
I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you.
Book ConsultationJack Spillane
Finance Broker
Bristol
0117 959 5094
Mathew Phillips
Senior Finance Broker
Bristol
0117 959 5094
Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.
Book a free telephone consultation with me at a time to suit you.
Book ConsultationAlex Chambers
Senior Private Client Adviser
Bristol
0117 403 4324
Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.
Book a telephone consultation at a time that suits you.
Book ConsultationLuther Yeates
Senior Finance Broker
Bristol
0117 244 5561
Are you looking for a similar type of property finance?
I have extensive experience finding residential and investment property finance for UK and international clients. Book a free telephone consultation with me at a time to suit you.
Sam ONeill
Senior Finance Broker
Bristol
0117 959 5094
Is your situation similar?
I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.
Book Consultation