The case in brief
- Client: British National & Dubai Resident
- Property type: HMO Remortgage
- Property value: £850,000
- Loan Amount: £637,500
- LTV: 70%
Are you considering expat mortgage possibilities? We’re here to assist, regardless of the complexity of your situation. At Articus, our experienced brokers have a wealth of expertise in finding innovative solutions to secure substantial loans for our clients.
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Our client
A British expat who had been a resident of Dubai for over 12 years, approached Articus driven by a desire to invest and expand their property portfolio in the UK. Our client was the owner of a House of Multiple Occupancy (HMO) property in England, with an estimated value of £850,000. Their goal was to remortgage the property, allowing them to release capital for a new property purchase in Dubai.
Visit our page dedicated to UK Mortgages for UAE Residents to discover more information.
Our solution
To address our client’s needs, our broker embarked on a search for a lender that could comfortably accommodate their unique circumstances: being a UK expat and seeking a mortgage for an HMO buy-to-let property. This combination posed challenges that most lenders would typically find difficult to navigate. Additionally, the client aimed to raise capital up to 75% LTV for their property purchase in Dubai.
Using Articus Finance’s durable lender connections, our broker found an appropriate lender willing to consider the expat mortgage case, ensuring thorough underwriting. This gave our client confidence and peace of mind. Ultimately, we secured the maximum borrowing possible, empowering the clients to purchase a new property in Dubai while retaining ownership of their UK property. This allowed them to generate rental income from their UK investment.
Articus Finance is committed to assisting UK expats and clients with intricate mortgage requirements in securing their financial aspirations.
If you find yourself in a similar situation or have unique mortgage needs, please do not hesitate to get in touch with us today.