British Expat Mortgages for UK Ex pats in Abu Dhabi

British Expat Mortgages for UK Ex pats in Abu Dhabi

UK expat mortgages in Abu Dhabi are a specialist area at Capital Fortune. 

Whilst the availability of British finance  is increasingly restricted and despite many of the main UK lenders having fully withdrawn from offering mortgages for expatriates to people living in Abu Dhabi, there does remain a number of highly competitive deals and interest rates on expat mortgage products. These are available from smaller and specialist lenders to people working in the UAE from our UK expat mortgage advice service.  We regularly arrange mortgages in London and can assist with an expat mortgage UK-wide.

As whole of market specialist brokers, we are able to provide British nationals in Abu Dhabi with finance for UK residential purchases. In addition we organise expat buy to let remortgages as well loans for those looking for a holiday home. The expat buy to let mortgages offered are all from well-established UK banks or building societies.

Generally, the people we assist are paid in local currency dirhams or other foreign denominations such as Swiss francs and dollars. They are usually employed or self employed and often do not have their foreign salary paid into a UK bank or savings account to facilitate paying the expat mortgage. Abu Dhabi banks can however be used to make the international payment necessary to pay the mortgage each month be this for residential home loans or mortgages for expats buy to let. These can be raised on a capital repayment basis or if you prefer we do have options offering a mortgage interest only. Expat clients can choose which they prefer.

Clients we assist are largely non-UK tax payers given they are not domiciled for tax purposes and this poses difficulties when obtaining British finance. We offer mortgages for expats UK-wide and whilst choice is limited, there remain some highly competitive mortgages. UK expat clients tend not to have a strong domestic credit history, usually because they have been out of Britain for some time and as a result tend to fail lenders automated credit scoring systems. They usually come to us having been rejected by their bank or have spoken with other UK brokers who either cannot assist or who have offered them expensive expat mortgage rates.

Despite living in the Emirates, as expat mortgage brokers, we can usually obtain similar mainstream products available to those living in the UK. The ex pat mortgages we arrange have no maximum loan size but we do have to be clear that we are unable to assist with smaller loans below £50,000 UK Sterling.

We typically help employees of multinational oil and gas companies as well as Government organisations including University and hospitals. There are no restrictions on the type of industry we cover and contracts may be permanent or on a fixed term or locum basis.

For residential purchases, the property may be able to be rented until such time as the return to the UK is known and when letting the property, we can sometimes obtain these at residential rather than a standard expat buy to let mortgage investment rates. We can also assist those seeking ex pat mortgages to purchase residential homes for family members whilst they are abroad.

We are an expat mortgage specialist based in the City of London and have access to a wide array of private banks and specialist lenders, some offering exclusive British ex pat mortgage deals. We are one of the leading award winning, mortgage intermediaries in London.

To discuss your requirements with one of our international mortgage brokers, contact us today.

How to get in touch

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Selected Expat and Offshore Worker Mortgages

A selection of some of our lenders mortgage products and rates are shown below. Contact us for a quote specific to your circumstances. Table data updated 25/02/2014.

CodeIntial
Rate
Mortgage
Type
For /
Until
Subsequent
Rate
Overall cost
comparison
Early
Repayment
Charge
Fixed Lender
Fees
% Lender
Fees
Notes
001 4.49% Fixed

30/06/15

3.99% 4.2% 3%, 2% £999 None

Max 90% Residential

Offshore Worker Special

002 3.79% Discount 30/04/17 5.95% 5.5% 3% £699 None

Max 70% Buy to Let

UK Guarantor Required

Minimum mortgage £30,000

First Time Buyers Considered

003 3.89% Lifetime Tracker Lifetime 3.89% 4.0% 1% £1895 None

Max 75% Buy to Let up to £500,000

China, Singapore and Hong Kong Residents Only

004 3.99% Discount Variable Lifetime 3.99% 4.1% 2% in year 1 & 2 £245 None

Max 85% up to £1M Residential

No Australian Residents

005 4.49%

Discount

2 years 5.49% 5.2% 2% in year 1 & 2 None 2%

Buy to Let & Holiday Let max 70%

Minimum Mortgage £50,000

Minimum Property Value £120,000

First Time Buyers Considered

No Australian Residents

006

2.80% plus LIBOR

LIBOR

Lifetime 2.80% plus LIBOR 3.8% 1% None

1.25%

Buy to Let or Residential max 60%

Minimum Mortgage £250,000

007

1.95%

Discount

2 years 4.15% 3.90% 2% £250

None

Maximum age 85

Repayment Only to 70%

Expat Remortgages Only

Free Valuation & free legal services