Featured Snippet: Articus Finance successfully arranged expert financing for a Swiss national purchasing a second home in South West England. By leveraging specialist knowledge in high-net-worth mortgages and private banking, we secured a competitive interest-only loan tailored to the client’s variable income and financial goals.
Introduction
Financing a second home in South West England can present unique challenges, especially for international clients with complex income structures. This case study explores how Articus Finance expertly supported a Swiss national in securing a £1.2 million mortgage on a £1.8 million property, demonstrating our expertise in bespoke residential finance solutions for high-net-worth individuals seeking expert financing.
Client Background
The client is a Swiss national and US resident, working as a fund manager based in London. He sought to purchase a second home near his sons’ boarding school in South West England. With a primary residence valued at £3.8 million in London and an existing £2 million mortgage, the client required a financing solution that accounted for his substantial but variable bonus income and aimed to minimise monthly repayments.
Given the client’s international status and complex financial profile, it was essential to find a lender who could accommodate foreign nationals and understand the nuances of cross-border income and assets. This added an additional layer of complexity to the financing process.
The Challenge of Financing a Second Home in South West England
The client’s income was largely bonus-based, which banks typically view as higher risk due to its variability and less predictable nature over the mortgage term. Additionally, the client wanted an interest-only facility to keep monthly payments low. The existing mortgage on the client’s London property further complicated affordability assessments, requiring a lender with a flexible and pragmatic approach to income and repayment evaluation.
Moreover, the client’s desire to maintain a low monthly outlay while securing a substantial loan amount meant that traditional lenders were hesitant. Many banks impose strict criteria on foreign nationals and those with fluctuating incomes, making it difficult to secure favourable terms without expert guidance.
Our Solution for Financing a Second Home in South West England
Articus Finance partnered with a private bank renowned for its common-sense approach to lending. Our mortgage brokers structured the loan to meet the lender’s criteria for interest-only payments, ensuring the client’s variable income was fairly assessed. We secured a highly competitive interest rate, optimising the client’s borrowing capacity while maintaining manageable monthly outgoings.
Our team also provided comprehensive advice on the documentation required to satisfy the lender’s due diligence, including proof of income, asset verification, and residency status. This proactive approach helped streamline the application process and avoid delays.
This bespoke financing solution highlights Articus Finance’s expertise in navigating complex income scenarios and delivering tailored residential mortgage products for high-net-worth clients seeking expert financing solutions.
Key Highlights of the Financing Process
- Loan amount of £1.2 million secured on a £1.8 million second home purchase
- Interest-only mortgage facility tailored to variable bonus income
- Collaboration with a private bank offering flexible lending criteria
- Consideration of existing £2 million mortgage on primary residence in affordability assessment
- Competitive interest rate achieved to minimise monthly payments
- Expertise in high-net-worth and foreign national mortgage solutions
- Comprehensive documentation support to satisfy lender requirements
- Successful navigation of cross-border financial complexities
Why Articus Finance Delivered Exceptional Results
Articus Finance’s deep understanding of high-net-worth client needs and complex income structures enabled us to secure a financing solution that traditional lenders might have declined. Our strong relationships with private banks and specialist lenders allowed us to negotiate terms that aligned with the client’s financial objectives. We pride ourselves on delivering discreet, expert advice and bespoke mortgage solutions that empower international investors and expatriates to achieve their property goals in the UK.
Our client-centric approach, combined with our extensive market knowledge, ensures that every case is handled with the utmost professionalism and attention to detail. This case exemplifies our commitment to overcoming challenges and delivering tailored financial solutions for clients seeking expert financing.
Explore Related Insights on Financing a Second Home in South West England
- High Net Worth Mortgage Guide
- Maximising Bonus Income for Mortgage Approval
- Foreign National Buy-to-Let Finance
- Interest Only Mortgages for Expats
- Private Bank Mortgage Solutions
- Complex Income Mortgage Structuring
- Second Home Finance for UK Expats
- Foreign National and Expat Guide
- Financial Conduct Authority (FCA)
Final Thoughts on Financing a Second Home in South West England
Financing a second home in South West England for a Swiss national with complex income requirements demands specialist expertise and access to flexible lenders. Articus Finance’s tailored approach and strong lender relationships ensured a successful outcome, enabling the client to secure an interest-only mortgage with competitive terms. If you are a high-net-worth individual or foreign national seeking bespoke residential finance solutions, Articus Finance is your trusted partner for navigating the UK property market and securing expert financing.