UK Buy to let mortgage for Chinese national investor

Enness is an increasingly global operation, and we welcome the opportunity to advise clients from all over the world on a range of services. I was recently approached by a Chinese national investor in regards to UK investment properties. My client is resident in China and employed by a Chinese Telecommunications company; they had been introduced to us via a property agent.

My client was looking to purchase three investment properties in Kent. The properties were valued at £184,300 each, and had assignable contracts, as my client was not purchasing directly from the developer.

The client had never been resident or employed in the UK, so they had no UK footprint, which poses a problem in itself. To complicate matters further, the majority of lenders will not lend to Chinese residents in Mainland China as there are restrictions on being able to transfer monies out of the country. There was also an issue of due diligence for the banks in regards to supporting documents, complicated further by the language barrier.


Fortunately, at Enness have access to the whole of the market, so I was able to use a niche lender that I have built a strong relationship with. The final mortgage product was a lifetime base rate tracker plus 2.49% for the term of the mortgage.  We secured terms with a Chinese Bank with a strong UK presence, as they are willing to lend to Chinese nationals and residents.

They were able to accept original documents in Chinese, which also saved the client money as they did not need to have the documents translated into English. The bank also accepted the assignable contracts as my clients were purchasing the properties at the original price, with no uplift in value.

This was a great result, and another example of how Enness is able to support clients internationally. If you’re a potential Chinese national investor, contact me today to discuss how Enness can help you.

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