Shared Ownership and Foreign National Lending: Helping More Clients Access Homeownership
For many aspiring homeowners, the biggest challenge isn't affordability. It's the deposit.
This can be particularly true for foreign national applicants who have built their lives and careers in the UK but may not yet have accumulated the savings required to purchase a property outright.
That's why we've launched our new Shared Ownership Foreign National Mortgage.
By combining two of The Hanley's specialist lending areas, we're creating additional opportunities for eligible clients to get onto the property ladder.
Why Shared Ownership?
Shared Ownership allows customers to purchase a share of a property while paying rent on the remaining share.
Instead of finding a deposit for the full property value, borrowers only need a deposit based on the share they're purchasing. For many clients, this can make homeownership more accessible.
Why Foreign National Clients?
We know that many foreign national borrowers have strong incomes, established UK employment and a genuine desire to put down roots.
However, they can sometimes find available lending options limited, particularly when their circumstances sit outside standard lending models.
Our new product is designed to provide brokers with another solution for these cases.
The Benefits For Brokers
- Access a wider pool of potential clients
- Help clients overcome deposit barriers
- Use a lender experienced in specialist lending
- Benefit from manual underwriting
- Speak directly to decision makers
A Specialist Approach
At The Hanley, we believe every case deserves individual consideration.
This latest launch reflects our commitment to helping brokers find solutions for clients who may not fit the high street mould.
If you have an eligible foreign national client considering Shared Ownership, we'd be delighted to discuss the case.
