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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.

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

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What our clients say!

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“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.
“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.
“Andrew Chalton at Panthera Finance provides a brilliant and personal service in arranging mortgages. He is always engaging and makes you feel like you are his most important client. His help has been invaluable in sourcing finance and I wouldn't hesitate to work with him in the future.”
A. B.
“The team at Panthera Finance provided an excellent service, quite exceeding expectations. They quickly grasped the requirement, moving swiftly to options. Their close attention to detail, frequent follow-up, and clear communications are exemplary, and secured a successful outcome. I highly recommend their service.”
A. D.
“Alex seamlessly secured a complex solution, with an extremely tight deadline. His attention to detail, rapid and effective communication, and complete expertise and knowledge lead to an exceptional experience with Panthera Finance and the team.”
A. B.
“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.
“I have nothing but praise for Anthony. He is a consummate professional, always available and tenacious in chasing down the deal. I wouldn’t hesitate in recommending him. I had nothing but an excellent experience.”
P. C.
“Andrew has been a brilliant adviser for us. We feel in completely safe hands with his thoughtful and timely advice. Highly recommended.”
D. Y.
“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.