This week's case study highlights how Alexander Hall helped a UK ex-pat living in Dubai purchase a second home in the UK
Our clients' challenge
Our client was an ex-pat based in Dubai. He owned his main residence there and wanted to purchase a second home in the UK.
Having approached various lenders via another UK mortgage adviser, he'd found the affordability assessments for his living costs in Dubai to be prohibitive and that the interest rates quoted by the offshore lenders were very high.
Wondering if he was out of options, his search for a mortgage adviser brought him to Alexander Hall.
Alexander Hall's solution
We approached an international lender that Alexander Hall has semi-exclusive access to. The lender specialises in solutions for clients living overseas and buying in the UK.
We were able to secure a mortgage loan for £610,000 very quickly at an incredible interest rate of 1.99%, significantly cheaper than the 3.4% the client had been initially quoted by the first adviser firm he spoke to.
With Alexander Hall's advice and guidance, the client was able to secure a competitively priced mortgage and proceed with the second home purchase he desired.
