A significant number of major British financial institutions are now providing mortgage options to international clients, moving beyond the traditional focus on British expatriates. Recent data indicates that approximately 60 percent of leading lenders have established pathways for overseas borrowers. This shift allows families residing in the Gulf region to finance London residential properties while maintaining their primary assets and business operations in the Middle East. Notable examples include high-value loans for prime real estate that accept income in Qatari riyals or UAE dirhams. Furthermore, first-time buyers from the region have successfully obtained agreements in principle for loans covering up to 80 percent of a property's value. This development marks a broader opening of the UK housing market to investors who earn their income in currencies other than the British pound.
Source : The National
Photo : The National
