Expat residential purchase past retirement age

Dan Gracie

Specialist Lending Director

The Requirement

A British couple who work in the Middle-East had found their forever home and had a 15% deposit – less than the usual 25% required by expat lenders. They wanted to establish their permanent UK home but continue to spend the working parts of their year overseas. At 60 years of age, the affordable mortgage would take their working age past 75 and this is rarely accepted by lenders.

The only building society who could really consider this case had already rejected the level of borrowing required as they felt that their insurers (who have to agree mortgages with borrowing over 80% LTV) wouldn’t back the proposal due to its multiple layers of complexity.

The Solution

We began from the ground up, recalculating the lender’s customised affordability assessments by adjusting the income to reflect its untaxed status (which most lenders typically disregard). We meticulously analyzed and categorized essential versus non-essential expenses and differentiated between long-term and short-term commitments.

The senior underwriter who had initially rejected the case started to support it, collaborating with us to develop a credit proposal that was ultimately approved by both the lender’s insurance provider and its Risk Committee. We were delighted to present our clients with a mortgage offer that would enable them to purchase their dream home.

Our team are here to help

Our professional advisors would be delighted to speak with you and discuss your requirements.

What our clients say!

Our clients trust us to guide them through some of their greatest financial decisions.

“The team at Panthera Finance have provided an outstanding service, going the extra mile with attention to detail to secure a bespoke mortgage product. I would commend Panthera to all those seeking tailored financial products unavailable on the high street or through non-specialist agents.”

Tom G.

“It’s a pleasure working with Tim, Dan and the team at Panthera. The way they use their knowledge and experience of what can be very complicated situations to structure and shape cases is always impressive and has helped build a strong and trusting relationship with us as a mortgage lender.”

A.S.

“The support and service from Anthony and Rhiannon has been superb - especially your patience while we were on hols and things. I think this is now the 3rd time Panthera has assisted us and we have been impressed every time, you will be our first choice every time.”

Ben R.

“Dan and Rhiannon are your perfect finance team. I have worked with them for many years now and I am in awe of their professionalism, comprehensiveness and thoroughly managing deal flow every time. I trust Dan to source and manage the best possible deals for me in the marketplace; noting he has many senior banking connections to call upon, when deals can appear to be outside of the box, as they frequently do in today’s market.”

J.D.

“After some issues with other providers Panthera came through with a great service. Always great to work with professionals, and would certainly recommend their services.”

Brian M.

“We are so thankful we were referred to Dan and the Panthera team for our mortgage process. Our plans to purchase a home in the UK moved a little quicker than we planned, but Dan's knowledge and support made the process smooth and effortless for us. Dan and Rhiannon had the best communication and provided updates quickly for our mortgage to be approved as soon as possible. We are so grateful for Panthera Finance and look forward to our new home!!”

Jason & Haley S.

“Working with Anthony at Panthera on mortgaging and remortgaging several times on property has always been seamless. Deeply knowledgeable, he listens to what I need and works extremely hard and quickly to get the right product. ”

F.L.