The case in brief
- Client: British National & Switzerland Resident
- Property type: Residential Home
- Property value: £1.8 million
- Loan Amount: £1.35m
- LTV: 75%
Clients reach out to Articus because of our well-known ability to find solutions no matter the complexity of the case. The large majority of our U/HNW clients have international property investments and incomes; securing solutions for worldwide clients is our speciality and is a result of the decades worth of experience our brokers hold.
Suppose you’re currently searching for property finance although living overseas. In that case, our page, UK Mortgages For Residents in Switzerland, could be a worthwhile read – To find out more about how we do it, explore our Overseas Mortgages page.
Our Client
Last month a British client contacted one of our Brokers in order to remortgage a £1.8 million property in the South of England. This would usually be straightforward. However, they also resided in Switzerland, and their income was made out of US dollars, Swiss Francs and British Pounds.
On top of this, the couple was planning to retire within the next 6 months and therefore needed a lender to take all of this income (which will continue) into consideration, as well as a small pension income.
The clients’ current bank refused to remortgage their product due to the fact they were not living overseas. Fortunately, this is what Articus specialises in.
Our solution
We approached a lender with whom we’ve worked regularly. We were able to position the client’s situation in a favourable light and negotiate competitive terms at 75% LTV (Loan To Value). Although the client’s income was derived in various currencies – therefore carrying more risk from the lender’s eyes – we were able to ensure that they used all the income to maximise their loan.
Ultimately we were able to secure a competitive mortgage at 75% LTV and ensured it was fixed over a 5-year period. Of course, this was a preferable outcome for our clients. Articus Finance specialises in overseas borrowers, no matter the complexity. GET IN TOUCH TODAY!