Case study - An expat looking to make a residential purchase in the UK

Jordan Lynch acted for a UK National based in Saudi Arabia, who regularly returns to the UK and wanted to buy a property rather than rent. The client was employed and paid in Saudi Riyals on an equivalent salary of £200,000 and had a 15% deposit available.

Most lenders either capped the maximum loan at 80% or wouldn't include Saudi Riyal on the list of acceptable currencies for expat applications.

We approached a small building society who assesses every case individually. Whilst they too would not normally lend to individuals earning Saudi Riyals, due to the high level of net personal income they were happy to provide the mortgage requested at the 85% loan-to-value (LTV).