THE APPLICATION PROCESS

Liquid has attempted to make the process of obtaining UK or Overseas Property Finance as simple as possible for expatriates.

The fact you live and work overseas should not be a complication or obstacle to you obtaining the right type of finance. We work with well established and efficient mortgage partners who have a wealth of expertise in this market. All UK Regulated Mortgages are introduced to and advised on by Liquid Offshore Ltd, authorised and regulated by the Financial Services Authority.

Typically here is the Application Process and the documents you’ll need

Your Five Simple Application steps

1) Fill Out the Enquiry Form – you will be under no obligation and there is no charge.

2) The relevant partner will present you with the options available and undertake a full fact-find to establish your exact needs

3) An Agreement in Principle will be obtained from the chosen lender – again with no cost or obligation to proceed

4) Finally, you submit a full application with all the requested documents, along with a £350 administration fee payable.

5) The mortgage broker will work on your behalf every step of the way with the lender in order to issue the formal mortgage offer documentation in the shortest time possible.

Typically a lender will require the following documentation:

• Certified proof of address and identification – e.g. a certified copy of passport and a utility bill for your main residence.
• Bank statements dating back for the last three months for the account into which your salary is paid.
• 3 months’ wage slips ( if you are issued with these) – alternatively, an employer’s confirmation of income
• On occasions, an employment reference is required.

These are the key documents for a full application. Depending on the application, the lender may ask for additional clarifications and information. Liquid will advise on these aspects at all times so you are never left in the dark.

Generally, there is no need to visit the UK to process your application as most documents can be submitted securely online. Where original documents are required, a courier service can be used.

Once the application is fully underwritten, a valuation has been instructed and everything is deemed to be acceptable by the lender, the Mortgage Offer will be issued. At this point, the Broker fees which can range between £500 - £1000 depending upon the complexity of the case are due for payment. If borrowing is required in an offshore company or trust, the broker fee can be up to 0.5% of the loan amount. The relevant partner will clarify the fee structure prior to obtaining an agreement in principle.