The case in brief
- Client: UAE Resident & UK Citizen
- Loan type: Residential Property Remortgage
- Property value: £3,800,000
- Loan Amount: £3,230,000
Useful guides related to this case study
Download our High Net Worth Guide
Download our guide for Expats and Foreign Nationals
Our Case
Navigating mortgages as a British expat can be complex, time consuming and stressful. Articus is here to not only secure the most competitive solution but to ensure the process is as streamlined and painless as possible!
We were approached by a client who was looking for a high loan to value mortgage. High loan to value mortgages are tough to secure at any time, let alone for large mortgages this is because lenders will typically restrict the loan at 65% of the price when the loan amount is over £2m.
If you are a British expat looking to purchase or refinance property in the UK, you’ll understand the challenges involved – visit our Expat Mortgages page.
Our Client
Our client was an expat and recently relocated to the UAE following a long stint in the USA. His family were heading back to the UK and he wanted to buy a residential property for them to live in.
They had found their dream property but needed to sell their US property for the funds. Unfortunately, the US property wasn’t selling as fast as they thought and therefore only had a small amount as a deposit.
If you’re a UAE resident looking for financing in the UK, UK Mortgages For Residents in UAE, is worth the read!
Our Solution
Through close collaboration with a private bank, we successfully secured favourable terms for our client. Although the bank doesn’t typically reach 85% loan to value, they were able to take a view under the premise that the loan will be reduced to a maximum of 70% within the next 12 months. This gave the client time to sell their US property for the right price.
This case is an example of the non-standard mortgages Articus Finance are able to secure in order to solve problems for our clients.
If you are seeking a competitive and tailored solution, Articus is here to assist.
Contact our expert residential mortgage brokers today to embark on your property finance journey.