The case in brief
- Client: Australian Resident & Australian Citizen Loan type:
- Mixed use (Part Commercial & Part Residential)
- Property value: £2,000,000
- Loan Amount: £1,200,000
Useful guides related to this case study
Download our guide for Expats and Foreign Nationals
Our Case
A tax advisor and one of our long-standing introducers approached Articus to assist his client in refinancing a part-commercial, part-residential building in London. They had been declined by their current lender due to their new residency.
For those currently seeking property finance while living abroad, download our guide for expat & foreign nationals.
Our Client
The client was an Australian national and resident who owned a commercial property with three residential flats above.
He lived in London with his family for 14 years and had recently returned to Australia for retirement. He had previously owned a solicitor’s firm which operated out of the commercial property in question.
Due to his return to Australia, the current lender had declined extending the mortgage. Therefore, he was looking for specialist advice to secure competitive terms for his situation.
Our Solution
Two key focus areas for Articus are overseas borrowers and specialist financing (such as semi-commercial properties). This experience combined with our whole of market status (we can approach any lender) enables us to provide the best advice for our clients.
We were able to secure preferable terms for our client, with a lender who was comfortable with the overseas residency and the fact that they may never return to the UK. The client was even given the option to release some equity from the property, which they declined.
If you’re looking for mortgage advice, get in touch with one of our brokers today.