3mc Blog

Deal of the Week – Ex-Pat based in Saudi Arabia BTL Purchase

Deal of the Week

Challenge 3mc – Your specialist mortgage desk

Each week we will provide a worked example for a case from the previous week detailing the information provided by the intermediary for a specialist deal along with the end result.

In this example the 3mc mortgage desk took an enquiry from an intermediary based in Swindon. The client was an Ex-Pat who had been residing and working in Saudi Arabia for the last two years. The client had one other Buy to Let property in the UK and wished to purchase a second Buy to Let property and required a loan to value of 75%.

Following extensive research including using the compare criteria from the 3mc website the deal was placed with Aldermore Bank. The product was a Packager Exclusive 2 yr fixed rate deal with a pay rate of 4.48%. The lender completion fee was 2%.