Second home purchase for an American business owner

Dan Gracie

Specialist Lending Director

The Requirement

An American client of ours runs a successful business in California, earning his income through business owner draws and separate freelance consultancy work in the United States. We needed to have all of this income assessed and approved by a lender to assist him in purchasing a second home in the UK for use when working in London.

While expat lenders accept income in various currencies, most prefer applicants employed by large or multinational companies; only a few are willing to consider those who are self-employed or directors of their own businesses.

The Solution

We called upon a trusted relationship with a lender who had the flexibility to consider self-employed income in USD from multiple sources, which was crucial for our client’s unique financial situation.

To support the mortgage application, we compiled a comprehensive package of evidence, including US business accounts, corporate and individual tax returns, and the US equivalent of P60s. We collaborated closely with the underwriter, presenting our client’s financial stability and income streams to demonstrate that a second home in the UK would be a manageable and affordable investment. This thorough approach helped to ensure the lender’s confidence in approving the loan.

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.