Overseas / Foreign Nationals Bridging Loans

Designed to be fast and flexible

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.

Offshore loans take into account all paperwork and administration from KYC to legal stage, including working with overseas lawyers. If you live overseas, our foreign national 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

More product information

Download Product Guide

Calculate your investment finance

Need fast finance for UK investments, but unsure on the charges included? Our new bridging calculator will provide you with a detailed quote in easy-to-understand bitesize sections. From interest rates to additional charges, find out how much you can borrow today.

Bridging Calculator

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Overseas Bridging Loans

Find answers to your key questions below:

Who can apply for an overseas bridging loan?Can I use overseas bridging finance to buy offshore property?What is our offshore loans product criteria?When could I use an overseas bridging loan?What should I look out for when purchasing UK property from overseas?

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

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.

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.

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.

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.

Contact us

Speak to us on the phone, via chat or email about your case, however complex it might be. We have a friendly, dediciated team and one of our underwriters will be happy to help you with your query. We will try our best to say yes to you, instead of finding a reason to say no.

We value your feedback

Leave us a review:

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Google

Thank you Olivia and Imogen for helping us assist with the completion of two Buy To Let Mortgages. On to the next one! Kind Regards, Aakash

Accelerated Finance

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Really excited to be working with MFS. Underwriter was busy throughout the application and it was difficult to get her on the phone, however our BDM Oli Watts was available throughout the process and that made it more efficient for us. If we were unable to get an update form UW Oli would get the info for us regularly.

Tobi

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MFS, Thank you for giving all my clients an amazing service, Jemma, especially, she has been very professional and efficient since she joined MFS. She is a definitely a great asset to the company. Jemma, thank you and well done for all your assistance!

Maria

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Outstanding work on an urgent completion with a previous broker and lender failing to deliver. The team at MFS including Jeanne, Olivia, Kieron and others stepped up and ensured the client completed and avoided losing their deposit on a time sensitive matter. Nice work and onto the next few.

Kevin

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Working with MFS is an absolute pleasure. They are always in communication and so everything they can to deliver a seamless transaction within a short time and minimum fuss. All in all a very professional outfit. Working with Jemima Hyes and her team has been great.

Ripon Mahmood

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Exceptional service from a professional, diligent and creative team. In particular - a special thanks to Sonal who effortlessly simplified the complexity of the matter, maintained clear lines of communication and ensured overall transactional efficiency.

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Very tricky case, handled expertly by Jemma and the team, even though interest rates increased in the middle of the application, MFS ensured that any increase was as minimal as possible. Top effort and will be using MFS again

Craig

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As a mortgage broker, I have dealt with MFS several times and all successfully progress to completion on time. I have to mention that the BDM Zahira and the Underwriter Jeanne have been working really hard to make sure my urgent deals completed within the deadline and updated me several times a day so I am always aware whats going on. Top services.

Sabrina

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customer

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Broker

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Very Satisfied with their service so far.

Anthony Lai

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Five Star Service Another bride company let me down with an unreasonable underwriter view, which cost my client two weeks, a valuation, and solicitor fees. My client needs to close the deal within three weeks. MFS has given me hope and taken the human thinking approach to overcome all the obstacles. Craig, Wayne, and Will provided excellent support (all calls were answered the same day). A big thanks go out to them. The whole team deserves five stars. Easy Financial Services LTD

AJIT SINGH

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I've had the pleasure of dealing with MFS in particular Imogen and Kieron. On each occassion from the initial phone call to discuss the nature of the case and sending across the enquiry form they have been proactive and quick to get the indicative terms issued. They are knowledgable and very helpful.

Amit Patel, Trinity Finance

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I have dealt with MFS for a long time as a Commercial Financial Broker. A great company to deal for all your short term funding needs. The speed, professionalism, communication and friendliness of staff are just great. I have dealt recently with Jemma who is always ready to help and sort out hurdles. Kieron and Richard are a few who i have dealt who brilliant. Also Paresh who is the CEO of MFS is a great person to deal. MFS always exceed expectations.

Victor

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Quality service and staff always willing to find solutions.

Danire

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We've had nothing but great service from Zahira and Kieron whilst working with MFS. It's a pleasure to work with a common sense lender who are efficient, dedicated, commercially minded and easy to communicate with. Thank you, and keep up the good work!

Chris Oatway

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First time I had introduced a client to MFS. MFS offer a freindly and efficient service, they are very competative and I will defenitley use them again. My client is very happy I introduced MFS to them.

John

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I have known Kieron and MFS for circa 4 years. Nothing is ever too much of a problem for Kieron and he is very quick to respond to my enquiries. A few months ago we completed two very tricky transactions in excess of a million pounds of Bridging and Kieron sorted out every question and query that we came across. Kieron’s ability to quickly refer up the line was also extremely helpful and he has access to the decision makers who without doubt have a 'can-do' attitude! I run a team of 5 Commercial brokers and I have recommended MFS to them on a number of occasions, so expect a plentiful supply of new business! Thank you to all at MFS, you are a great bunch!

Andy Elley

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Excellent experience once again with Sonal - quick response and follow up and clear instructions as to the required details and likely timing - all very straightforward

customer

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