Relocating internationally can be exciting—but when it comes to buying property in the UK as an expat, the process can feel complex. At Orton Financial, we specialise in helping clients navigate these challenges. Here’s a recent case study that shows how we supported a family with unique circumstances.
The Client’s Situation
Our clients were a married couple who had recently relocated from Australia. The husband was working in Saudi Arabia, while the wife was living and working in the UK. They wanted to purchase a family home in the UK for £1,050,000, borrowing 80% of the property value.
This scenario presented several challenges:
- Cross-border income: One spouse earning in Saudi Arabia, the other in the UK.
- Expat status: Recently relocated, with limited UK credit history.
- High-value property: Requiring a lender comfortable with complex profiles.
Our solution
After reviewing their financial position, we recommended a variable rate mortgage with a specialist building society. This option provided:
- Flexibility for future changes in income or location.
- Competitive rates tailored for expats.
- A lender experienced in handling international earnings and residency complexities.
Stamp Duty Advantage for Married Couples
One key benefit for this couple was Stamp Duty Land Tax (SDLT). When purchasing as a married couple, if one spouse is UK-resident, you only pay standard Stamp Duty rates, not the higher surcharge for non-residents. This can save thousands of pounds—especially on properties over £1 million.
Why Saudi Arabia is Popular Among Expats
Saudi Arabia is increasingly attractive for professionals seeking financial growth. Here’s why:
- High earning potential: Salaries for skilled roles are often significantly higher than in many Western countries.
- Tax-free income: No personal income tax means you keep more of what you earn.
- Fast-growing economy: Opportunities in sectors like finance, technology, and infrastructure are expanding rapidly.
For many, working in Saudi Arabia is a strategic way to boost wealth, save aggressively, and invest in assets like UK property.
Thinking About Buying in the UK as an Expat?
If you’re living abroad but planning to purchase in the UK, expert advice is essential. At Orton Financial, we understand the nuances of expat mortgages, currency considerations, and tax implications. We’ll help you secure the right solution for your circumstances.