PRIVATE BANKS

Not all lenders are willing to make a deal for a large mortgage. In these instances, our experts at Sherwood Finance will scour our network of lenders to find international private banks that may be willing to work with you instead.

These lenders tend to offer large sums at competitive prices and can be perfect for overseas investors. Borrowers with international properties are generally quickly accepted by these banks, due to the opportunities that are on offer. Dedicated support, smooth service, the best interest rates, and lending terms, and more are often available to these types of borrowers.

Due to the fact that these companies are international, they know how to work with the local customs of investors from around the globe, making it even easier for someone who has income streams from abroad. This is often the best choice for those international-based investors looking to by outside of their current country of residence.

CASE STUDIES

Re Mortgage on vacant land near Airlie beach.

  • Security details

The client owned unencumbered land, covered with trees near Airlie beach and not connected to any services.

  • Key points 

Unfortunately, the less diverse economy of rural areas reduces the potential for lending terms and policies.

  • What did the client want? 

The client was having difficulty sourcing a lender that would take the unusual real estate for security and he wanted funding quickly.

  • What did we do? 

We coordinated the valuation after the client agreed to our terms of engagement.

  • Difficulties long the way

The remote location caused issues for reporting the valuation.

  • The end results 

The loan was funded and was repaid within twelve months from settlement and led to referrals from the client.

  • 50%
  • 49%
  • 12-month term

 

Refinance on a hotel in London.

  • Property details

We were tasked with assisting an individual with refinancing their luxury hotel development in London.

  • What did the client want?

They were hoping to find a better loan term than their current bank was giving them.

  • Difficulties along the way

The hotel was a new development and hadn’t been open to guests for long. Because of this, many banks were skeptical of the client’s ability to repay their loan. To make matters worse, the fluctuation of the economic landscape in the UK had had a negative impact on the client’s credit.

  • What did we do?

We searched around for the ideal lender – one that our client had not yet encountered. The lender had the best rates available, as well as a chance to have a strong business relationship; ideal for getting great terms for the client’s future investments.

  • The end result

We were able to negotiate for a capital raise at 60% LVR, allowing the client more freedom for their future on developments for the property. We secured a rate of 5% over the course of 5 years, for a 10-year term.

  • LVR: 60%
  • Rate: 5% fixed loan for 5 years
  • Term: 10 years

 

Re mortgage on a self-built property.

  • Property details

The property was self-built and had 5 bedrooms. It was a detached and unique property, but it had a timber frame and SIP panels that repelled most lenders.

  • What did the client want?

The client was self-employed and wanted to re mortgage and repay a family member who had loaned them money to finish the property, and they wanted as much as they could borrow.

  • Difficulties along the way

Our client’s wife was a 23% shareholder, although lenders only used her salary. They used the client’s new profits and their latest year’s salary too – which allowed us to maximize the loan amount. A flexible approach was the key to our success.

  • What did we do?

It was crucial that we could prove that our client’s expenses were at a minimum, so even though they needed more than the ordinary 5x income, they would be able to afford it – and fortunately, we were able to get in touch with a lender who understood and was happy to work with our client.

  • The end result

We maximized the loan amount, resulting in an interest-only deal with 6x income.

  • LVR: 50%
  • Rate: 2.85% 2-year discountable variable rate (interest only)
  • Term: 25 years

LET US HELP YOU FIND

THE SUITABLE SERVICE

We offer an end to end financial solution with a focus on making the
process as simple and stress-free as possible.

LET US HELP YOU FIND

THE SUITABLE SERVICE

We offer an end to end financial solution with a focus on making the
process as simple and stress-free as possible.