Mortgage agreed for South Korean finance analyst on tier two visa

by Aaron Strutt

Jul 05 2024

Trinity Financial recently helped a South Korean client secure a mortgage after his offer to buy a property was accepted.

He approached another broker for help to get a mortgage, but after confirming they could help, they did not contact him again. 

He had not been in the UK for two years after returning to South Korea. He also had a large gifted deposit that was being transferred from South Korea.

Did he have a complex situation?

Our client worked in finance and he wanted a competitively priced shorter-term rate. 

The previous broker had told him that he could source a mortgage, so he was confident that it would be a relatively simple transaction. He just did not know which lenders to approach.

One issue was the deposit coming from South Korea. For many lenders, this would have been a real problem. Banks and building societies often require deposits from UK bank accounts.

Was is hard to find a mortgage lender? 

Trinity's broker applied to a large bank keen to lend to international clients with visas. There were other options, but this bank offered a good service and competitive rates. 

Was the rate particularly good?

As a first-time buyer, our client wanted longer-term payment security. He opted for a five-year fix at just below 4.5%. The bank charged a £999 arrangement fee. 

Lending solutions with Trinity Financial

Are you looking to buy a property and require expert advice? We’re here to help you find a solution – no matter how complex your circumstances.

At Trinity Financial, our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation

The information contained within was correct at the time of publication but is subject to change.

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