Helping a UK non-resident get their refinance underway
Many of the solutions we use to help clients achieve their goals are really just common sense – looking at the situation with clear eyes and communicating effectively with everyone involved.
In this instance the client’s challenge was quite straightforward – they needed a loan to repay an existing charge with another lender, before using the remaining funds for an additional property purchase. Not being a UK resident and spending a lot of time out of the country made things a little more challenging, but nothing a bit of straightforward thinking couldn’t overcome.
Having dealt with the borrower on a previous loan (which they repaid ahead of the due date), we had no concerns in agreeing to 75% LTV over 12 months. Keeping in touch with them despite the time difference made it a lot easier to communicate when a CCJ cropped up before completion. The client was struggling to find evidence of their payment for it, so to avoid additional delays we withheld the £14k until they produced a certificate of satisfaction a few days after completion.
With the client out of the UK for six weeks, and their solicitor going on holiday too, the circumstances weren’t ideal. But we still managed to complete the deal in nine days once everything was lined up.
“Hope Capital make my job a great deal easier than it can sometimes be with other lenders. Their expertise and appetite to make things happen is very impressive especially when dealing with overseas clients.”
Global Finance Brokers Limited
Tracey is responsible for liaising between the business development team and their broker networks to ensure a speedy and efficient delivery of service. She is also a key member of the underwriting team, ensuring that all required information is received in order to provide a quick decision for the client.