In recent years we have built up a client
base which includes clients who are UK citizens or foreign
nationals wishing to purchase or remortgage property in
the UK using offshore income. We have been able to assist
them in arranging this finance using our contacts to secure
a competitive rate and help them deal with what can feel
like a complex situation.
An offshore mortgage offers you everything
you would expect from a traditional onshore mortgage but
with the added benefit of tax advantages in specific situations
and the ability to use worldwide income.
You could benefit from an offshore mortgage
if you are:
• UK resident and UK domiciled with
money deposits abroad.
• UK resident but non UK domiciled
• UK resident but non UK ordinarily resident for tax
purposes
• Non UK resident but UK domiciled
• Non UK resident and Non UK domiciled
We are also able to provide mortgages
denominated in several currencies taking advantage of global
interest rate differentials. Due to the currency risks involved
this is targeted at experienced and sophisticated clients.
Our fee for this service is up
to 1% of the loan amount, typically this would be £595.
Your property may be repossessed
if you do not keep up repayments on your mortgage.
HM Revenue and Customs practice and
the law relating to taxation are complex and subject to
individual circumstances and changes which cannot be foreseen.
Openwork Limited offers insurance and
investment advice on products from a limited number of product
providers and advice on mortgages representative of the
whole market.
