Offshore Mortgages and Overseas Buyers

The UK, and in particular London, continues to attract an increasing number of overseas investors who are looking to buy as either a main home or for investment purposes. The choices available from lenders to non-resident and resident non-domiciled buyers has increased exponentially recently. At Cluttons Private Finance we have access to all lenders offering these facilities and can arrange finance in any currency for overseas buyers up to 100% of the property value. The most frequent requests we receive are for Euro and US Dollar denominated facilities structured in one of the following ways

• Offshore company or trust
• Individual name offshore
• Individual name onshore
• Multicurrency lending

Foreign currency mortgages secured on UK property, usually valued in sterling, are exposed to variations in exchange rates. If sterling falls against the borrowing currency, your monthly payments, and final liability, may increase significantly.