Our overseas bridging finance can provide foreign property investors with the funds they need quickly to invest in English or Welsh properties.
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Read case study“Overseas bridging loans work in the same way that short-term residential and buy-to-let loans do, but are dedicated to clients who live abroad. This includes expats, foreign nationals and complex offshore company structures looking to buy property in England and Wales.
Our offshore loans are suitable for borrowers in all countries outside the UK, except sanctioned states. Applicants can come in the form of an individual or company. The loans can only be used to buy property in England and Wales.
Investors will need to account for certain taxes when buying property the UK from overseas. This includes stamp duty land tax and other tax surcharges. Buyers will also want to ensure they’re buying a property which meets their goals. This could be a simple buy-to-let, holiday let, or a semi-commercial property for example.”
International bridging finance for expats & foreign investors
- Loan amount: £100k
- Loan amount: £50m, 2nd charge: £5m
- LTV: 75%
- Interest rates: variable rate from 0.39% (+BBR), fixed rate from 0.85%
- Charge type (1st/2nd): 1st and 2nd charge
- Term: 3 – 18 months
- Completion time: Funding can be issued in as little as 3 days.
- Exit fee: POA
- Location of property: England, Wales
Overseas Bridging Finance –
What you need to know:
What type of loan is this?
International bridging finance is a specialist, short-term product designed to help foreign national property investors expand in the British market. These loans can be utilised for a range of investments, including buying residential homes, refurbishment plans, or property auctions.
How much can I borrow?
You can borrow between £100,000 and £50,000,000, depending on the requirement and your circumstances.
What can I use overseas bridging finance for?
Our overseas bridging finance can be used for a range of investments where speed and flexibility are needed. Foreign investors planning to flip a property can use our funding to refurbish or extend a space. Our bridging loans for expats & foreign nationals can also be used to convert a commercial property, or invest in a new-build. Whether you’re seeking funding for an initial purchase, or to refinance, our specialist products can help support your plans.
What types of property can I purchase?
Our overseas bridging finance can be used for a range of property types. This stretches across residential assets, such as homes or HMOs, through to commercial investments, including offices and restaurants. Funding can be issued for properties spread across every region in England and Wales. We can support your plans, regardless of whether you’re investing in London or Leeds.
Advantages of international bridging finance
Our overseas bridging finance can provide fast funding to foreign nationals who may struggle with high street lenders. If you’re based overseas, you’ll often face delays when investing in the UK. Enhanced due diligence will slow the proceedings down, potentially limiting your ability to jump on an opportunity.
Specialist funding can help overcome these issues. We’re adept at dealing with overseas entities, be they individual investors or offshore companies. We could help you lock in an opportunity, while you organise long-term options and paperwork in the background.
UK property is a popular asset for foreign investors and we’ve seen demand jump recently in light of dramatic currency movements.
But where demand or opportunity rises, so too may competition. To give yourself the best chance of getting ahead of your rivals, you’ll want to work with a lender who specialises in speed and flexibility. We may be able to help you expand your British portfolio, in good times and bad.
Who is eligible?
We’ll be able to service you so long as you’re aged between 21 and 85. We can work with clients from any country, except those that are sanctioned. We also support expats based in the UK, offshore individuals, trusts and companies, complex overseas structures, offshore asset to overseas buyer, transfer offshore to onshore. You don’t need to own assets in the UK to be eligible.
We regularly provide offshore loans to various company structures and can consider those which may need enhanced due diligence.
How long does it take to arrange overseas bridging finance?
We can issue bridging loans for expats & foreign nationals in as little as 3 days, although we find most of our deals complete in around 2 weeks. If you’re coming to us from overseas, you will still receive the same level of service as UK based borrowers.
Additional fees
We’re upfront with our fees from the outset, as all our deals have an underwriter from day one. The fees you’ll pay will be dependent on the type of property you’re investing in. All of our products have an arrangement fee of 1%. There are no admin fees and commitment fees are refunded on drawdown.
There may be an exit fee with the price determined on application.
Difference between overseas bridging finance and other loans
You will be the key differentiator for our overseas bridging finance, when compared to our other products. The process will be similar across our products, with the only real difference being where you’re based. Every one of our cases is bespoke however, meaning your specific claim will be assessed on its individual merits.
What information do you need?
We’ll need details on the property you’re investing in as well as personal details. If you’re an overseas property investor, you’ll be assessed in mostly the same way as our domestic clients. We’ll explore your financial background, experience in the market, and more throughout the process. And, don’t forget, you’ll have an assigned underwriter to guide you through the process.
How can I apply?
You can get the ball rolling by contacting us via a phone call, through an email, or live chat on our website. We will respond to all queries within four hours, but please take into account the time differences that may be at play.