Remortgage of a £1.8 Million UK Property for a British Expat in Switzerland
Featured Snippet: Articus Finance delivered the remortgage of a £1.8 million UK property for a British expat in Switzerland. A £1.35 million facility was secured at 75% LTV, fixed for five years. The solution addressed multiple income currencies and overseas residency complexity while ensuring long-term security.
Introduction
Refinancing prime residential property is rarely straightforward when clients live overseas or earn across multiple currencies. In this case, Articus Finance successfully structured the remortgage of a £1.8 million UK property for a British expat in Switzerland, overcoming barriers around cross-border residency, varied income streams, and retirement considerations.
Client Background
Our clients, a British couple residing in Switzerland, owned a residential property in the South of England valued at £1.8 million. With retirement just six months away, they sought refinancing to secure more favourable terms and consolidate their long-term plans. Their income comprised multiple sources across Swiss Francs, US Dollars, and Sterling, in addition to a modest pension.
While this diversity reflected financial strength, it created underwriting challenges. Their existing UK bank had already declined to renew their mortgage due to their non-UK residency. However, maintaining their asset under carefully structured finance was critical for estate planning and retirement income stability.
The Challenge
Several complex dynamics shaped the case:
- Residency: As Switzerland-based expatriates, conventional lenders refused refinancing.
- Income profile: Earnings originated from three different currencies, with exchange rate risk complicating affordability assessments.
- Approaching retirement: Lenders required proof of ongoing sustainability even after gainful employment ceased.
- Scale: £1.8 million asset requiring large loan exposure of £1.35 million at 75% LTV.
Our Solution
Drawing on our established private banking relationships, Articus Finance presented the client’s case in a favourable framework. We emphasised the long-term consistency of their income, the breadth of their wealth, and the strength of the underlying UK property asset.
- Facility: £1.35 million secured at 75% loan-to-value.
- Term: Fixed interest rate over five years, aligning with retirement planning horizons.
- Lender: Private bank prepared to account for multi-currency income streams in affordability models.
By positioning the couple’s multi-currency income as an asset rather than a risk, we persuaded the lender to consider their total wealth rather than restricting approval to a singular income type. This holistic risk assessment unlocked access to competitive terms and long-term certainty.
Key Highlights
- Client: British nationals residing in Switzerland.
- Property: £1.8 million residential home in South England.
- Goal: Secure remortgage before retirement.
- Solution: £1.35 million facility at 75% LTV.
- Term: 5-year fixed, providing certainty during income transition.
- Challenge: Overseas residency, multiple currencies, refusal from mainstream lenders.
Why Articus Finance Delivered
The successful remortgage of a £1.8 million UK property for a British expat in Switzerland demonstrates how Articus Finance translates intricate, global income profiles into lender-ready propositions. Our ability to:
- Present multi-currency earnings in a manner banks recognise as sustainable.
- Secure fixed-rate certainty aligned with retirement horizons.
- Negotiate 75% LTV on high-value property through private banks attuned to expatriate needs.
- Turn a declined case at a UK high street bank into a scalable, workable solution.
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Final Thoughts
The remortgage of a £1.8 million UK property for a British expat in Switzerland underscores the importance of banking relationships, sophisticated structuring, and cross-border expertise. Where mainstream channels faltered, Articus Finance secured certainty, scale, and competitive pricing—delivering peace of mind as clients navigated retirement and relocation planning.