London Investment Apartment for a Dubai-Based UAE National
£620,000 · 25 years · 5.49% fixed 5 yrs. A UAE national living and working in Dubai wanted to purchase a London apartment as a long-term investment.
The Client
Foreign Nationals Buying in the UK
The Challenge
A UAE national living and working in Dubai wanted to purchase a London apartment as a long-term investment. He had no UK credit history, no UK banking relationship, and his income was entirely in AED from a UAE government employer. UK mortgage lenders were almost universally unwilling to consider the application.
Our Solution
Doulton placed the mortgage with a private bank in London with a dedicated international client proposition. UAE government employment income was accepted and converted to sterling. The client's substantial UAE assets were referenced in the application. UK legal and tax advice was provided through Doulton's referral network.
The Outcome
London apartment purchased in Canary Wharf. Professional letting management in place from day one. Gross rental yield: 5.8%. Strong capital growth expected over the investment horizon. Key highlights: UAE government income accepted and sterling-converted; London private bank international proposition used; UK legal and tax advice co-ordinated through Doulton network.