The case in brief
- Client: French national
- Property type: Residential purchase
- Property value: £1.35 million
- Loan Amount: £830k
- LTV: 61%
For French citizens looking for international property, the UK is an attractive option due to its strong and stable economy, excellent transport links, and attractive tax benefits.
To find out how we can assist French residents, visit our page, UK Mortgages for French Residents.
Our client
We were approached by a French national looking to secure an interest-only mortgage. They were purchasing a £1.35 million property for their family in order to officially move to the UK. The issue was that the client did not have a permanent right to reside in the UK or any footprint, which could potentially disqualify them from finding a lender that would accept their case.
The client was also yet to start his new job in the UK, which causes problems for lenders.
Our solution
Articus Finance understands the difficulty of securing the best mortgage rates for people living in the UK without a permanent right to reside. To address this, we work closely with niche lenders who were willing to consider the client’s personal circumstances and offer their most preferential mortgage rates.
The broker was successful in securing a £830k interest-only residential mortgage against a £1.35 million property, enabling them to begin their new life in the UK with complete satisfaction.
The UK property market can be complex, but this case study illustrates the advantages of having professional guidance when foreign investors are making decisions about their investments. With the expertise of an experienced expert in the field, investors can be confident that they are making the best possible choices. GET IN TOUCH