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  • About us
    • About MFS
    • Meet the MFS Team
    • Our Business Development Managers
  • Bridging
    • Our Products
      • Residential & Buy-to-let
      • Large Bridging Loans
      • Commercial & semi-commercial
      • Permitted & light development
      • Developer Exit Bridging Loans
      • Auction bridging loans
      • Overseas / Foreign Nationals bridging loans
      • Complex bridging loans
      • Second charge bridging loans
      • Refinance bridging loans
    • Our Case Studies
    • What is a Bridging Loan?
    • Who do we lend to?
    • Bridging Loan Calculator
    • Bridging Loan Rates
    • Glossary of terms
    • FAQ
  • Buy-to-Let
    • Buy-to-Let Mortgages
    • Buy-to-Let Calculator
  • Intermediaries
  • Investors
  • News
    • Media coverage
    • Events & Awards
    • Press Releases
    • Blog
    • Reports
  •  Contact us
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Overseas / Foreign Nationals bridging loans

Loan amount:

£100k - £30m

Rate from:

0.59%

Loan-to-value:

up to 75%

Term length:

3 - 24 months

Calculator

Key information

What are overseas bridging loans?

Overseas bridging loans work in the same way as our residential and buy-to-let bridging loan product, however they are dedicated to clients who live abroad. This includes expats and complex offshore structures. These loans allow buyers located outside the UK to buy property in England and Wales quickly . This takes in to account all paperwork and administration from Legals to KYC including working with overseas Lawyers due to extensive experience and know how

If you live overseas, our bespoke bridging loans can be adapted to suit your individual financial requirements, especially if you are:

  • A property investor looking to expand your UK property portfolio
  • Interested in investing in Prime Central London property
  • Investing in buy-to-let property

Who can apply for an overseas bridging loan?

These loans are for applicants located outside the UK, who reside across the world, looking to invest in UK property. Our offshore loans are suitable for borrowers in all countries, except sanctioned states. We accept a range of applicants and circumstances such as:

  • Expats
  • Offshore individuals / trusts
  • Offshore companies
  • Foreign nationals
  • Complex overseas structures
  • Offshore asset to overseas buyer
  • Transfer offshore to onshore

Can I use overseas bridging finance to buy offshore property?

You can only use our offshore loans to buy property situated in England and Wales. Therefore, our bridging finance cannot be used to purchase property located in Scotland, Northern Ireland or overseas.

What are our key offshore loans product criteria?

As lenders, we regularly work alongside brokers who have overseas clients in need of UK bridging loans, as well as directly with the clients themselves. We don’t require the client to have a UK bank account and if they do not reside in the UK, then we will accept the legal side being done via skype or facetime to speed up the process*.

We understand how tight the timeframes can be and therefore place utmost importance on both speed and quality service. Our dedicated underwriting team will assess the bridging application and respond to the initial enquiry within 4 hours. The underwriter assigned to the case will become the sole point of contact throughout the client’s bridging experience with MFS – they will make sure that the client and broker are up to date at every stage of the process.

*All legal advice must be carried out in the UK, by a UK practicing solicitor. However, delivery of legal advice can take place via Skype or Facetime to benefit the client.

When could I use an overseas bridging loan?

You could use an overseas bridging loan if you are facing a tight property deadline to complete on your UK based asset, where traditional long-term options may take too long to provide finance.

For example:

If you are buying a new build property located in either England or Wales and you are receiving pressure to complete from a developer, then our offshore loan could see funds in your account in as little as three days.

What should I look out for when purchasing UK property from overseas?

Tax

You will need to account for tax when buying property in the UK from abroad. This includes:

  • Stamp duty land tax: SDLT is payable on properties in the UK from £125,000+.
  • Tax surcharges: When buying UK property from overseas, you will need to ensure you budget for additional stamp duty land tax fees levied on overseas buyers. On 1st April 2021, a 2% overseas buyer surcharge came into force.

Property Hotspots

To find the right property for you, there are a few things you may wish to consider:

  • If renting, what kind of tenants do you want to attract?
  • What type of property are you looking to buy?
  • Do you want your property to be in commuting distance to a major town or city?
  • What is your budget?

Answers to all of these questions will help determine which area of the UK you are able to purchase your property, and which will work best for you.

Download our product guide

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Our other products

  • Residential
  • Commercial
  • Permitted
  • Development-Exit
  • Auction
  • Complex
  • Second-Charge
  • Large
  • Refinance

Our case studies

ondon,,Uk,Street,Road,Chelsea,Kensington,With,Terraced,Housing,Balconies - feature image

Lending where others can’t: Large loan to assist an overseas client recover from a lender withdrawal

Loan Amount: £3m Property Value: £4.285m LTV: 70% Initial circumstances One of our returning brokers came to us regarding an offshore client who needed a bridging loan to purchase a ...

Read more

US citizen abroad needed to clear their existing finance and raise additional funds

Loan amount: £272,000 Property Value: £450,000 LTV: 60% Initial Circumstances A new offshore client, from the US, recently enquired about a bridging loan. The client had a buy-to-let asset in ...

Read more
Risk of losing a substantial deposit for a new build

Risk of losing a substantial deposit for a new build and to complete the loan within 7 working days

Gross Loan Amount: £590,000 Property Value: £790,000 LTV: 75% Initial Circumstances An existing broker approached us regarding an offshore client who resides in China. They had bought a new build ...

Read more
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46 Hertford Street
Mayfair
London W1J 7DP
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Market Financial Solutions Ltd is registered in England No. 5994359

Market Financial Solutions Ltd is registered under the Data Protection Act 1998, Registration no. Z1858385

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