Residential Purchase - Returning Expat, Pre-Completion from Singapore
£568,750 · 65% LTV · 5.10% fixed 2yr. An operations director relocating back to the UK after six years in Singapore, buying a £875,000 Surrey family home before physically returning.
The Client
British national, 38, operations director. Relocating back to UK after 6 years in Singapore.
The Challenge
The borrower earned SGD 195,000 pa and had UK employment starting in three months on £92,000 pa. They needed to purchase a family home in Surrey at £875,000 before physically returning to the UK, completing four weeks after arrival. Currently non-resident, with a new UK employment contract that existed but had not yet started, mainstream residential lenders declined due to no current UK income.
Our Solution
Doulton identified a specialist lender who accepts pre-agreed UK employment contracts as the primary income basis, even where the employment has not yet started, provided the new employer is established and the contract is unconditional. The Singapore salary was used as a secondary income cross-check. LTV was set at 65% to access the lender's most competitive expat rate and keep the credit assessment as straightforward as possible.
The Outcome
Residential mortgage at 65% LTV (£568,750). Rate 5.10% fixed 2 years, converting to tracker. Client completed on the Surrey property 10 days after arriving back in the UK. No bridging required and the family moved in on schedule. Key highlights: unconditional UK employment contract accepted as primary income; completed before first UK payslip received; no bridging required despite timing complexity; 65% LTV opened a wider lender panel.
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