The case in brief
- Client: Italian National & Singapore Resident
- Property type: Residential Purchase
- Property value: £2.3m
- Loan Amount: £1.225m
- LTV: 65%
Useful guides related to this case study
Download our guide for Expat & Foreign Nationals
Download our guide for High Net Worth Individuals
Our Case
Navigating mortgages as a a foreign national be complex, especially when residing abroad and looking for an interest only mortgage.
If you are a British expat looking to purchase or refinance property in the UK, you’ll understand the challenges involved – download our guide or visit our foreign national Mortgages page.
Our Client
After spending the past eight years working in Singapore, our client had been offered a new job in the UK and was looking to buy a home, they were also looking for an interest only mortgage to keep their monthly payments to a minimum.
Due to the size of the loan and the residency/nationality of the client we knew a private bank would offer the most competitive rate and tailored offering.
Our Solution
Through close collaboration with a private bank, we successfully secured favourable terms and outcome for our client
This unique arrangement became possible because the private bank, with which Articus maintained a long-standing relationship, conducted a thorough assessment of the client’s foreign currency income, business growth, and recent financial data to gauge their affordability – as well as future income.
Furthermore, the client expressed the desire to reduce their monthly payments by structuring the borrowings on an interest-only basis.
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.