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UK home owner living abroad requiring consent to let mortgage (December 2010)

An ex-pat client living in Hong Kong is renting out their main UK residence but plans to live in it at a future date. We were able to obtain a residential mortgage with immediate consent to let with a high street bank, on a deal which was significantly more attractive than the buy to let alternative.
 

Loan size and rate £275,000 two-year tracker at 2.89%
Property value £275,400
Completion date 10 December 2010

 

ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

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