The case in brief
- Client: British Expat & US Resident
- Property type: Buy-To-Let Remortgage
- Property value: £680,000
- Loan Amount: £450,000
- LTV: 66%
Useful guides related to this case study
Download our guide for Expat & Foreign Nationals
Download our guide for Buy-To-Let
Our Case
Navigating mortgages as an Expat 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
In this case, we were approached by an existing client who had recently located to the US with his family. Our client owned a family home located just outside London.
For more information on property finance for international clients, explore our page on UK Mortgages for US Residents.
The client’s product was approaching expiry, and his current bank was refusing to extend the term due to his new residency status and the fact the property would now be rented out. They were also looking for an interest only mortgage to ensure he would gain a disposable income from the rental value after taking the mortgage payments into consideration.
Our Solution
At Articus Finance, we specialise in assisting US residents in securing financing for their UK properties, even when their financial profile may not align with traditional norms. US residents tend to struggle with financing options due to the complex US laws/taxes which restricts their options.
Our mortgage broker recognised that this unique case required in-depth knowledge of the market and a strategic approach to find a lender willing to extend a loan as a buy-to-let mortgage for a British Expat.
Ultimately, we successfully secured a mortgage deal with a challenger bank that could provide the client with a competitive fixed-rate mortgage at 66% LTV.
Whether you are approaching the end of your current mortgage product or looking to explore your current financial options, Articus Finance can assist you in achieving your mortgage goals.
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.