The case in brief
- Client:British National & Qatari Resident
- Property type: Residential Home
- Property value: £ 5.2m
- Loan Amount: £ 3.5m
- LTV: 67%
Our client
A recent case involved securing a substantial mortgage for a family home in London for a British Expat who resides and works in Qatar. The client was looking to establish a permanent residence in the UK for frequent visits to London; also, they viewed the London property market as a stable long-term investment.
Complicating matters, the client had recently changed employers and was in a probationary period. As a foreign national earning income in Qatari Riyals, our client had been away from the UK for over a decade and therefore had minimal UK financial footprint.
To learn more about property finance options for international clients, please explore our page on UK Mortgages for Residents in UAE. Or download our guide.
Our solution
Our experienced brokers are well-versed in handling these types of complex scenarios. The broker managed the case promptly and reached out to a private bank with whom we have established a strong working relationship. This bank specialises in serving clients of diverse nationalities residing abroad who wish to invest in UK assets. While the bank’s credit team and banker had reservations about the client’s probationary job status, our robust rapport with the bank allowed us to negotiate customised terms.
The Articus team successfully secured a competitive 2-year rolling interest rate secured against the Bank of England base rate. This outcome was highly favourable for the client, demonstrating that with the right network and relationships, competitive solutions can be obtained, regardless of the complexity of an individual’s aspirations.
If you wish to discuss your private banking options, speak with the team today.