The case in brief
- Client: Spanish National & UK Resident
- Property type: Residential Property
- Property value: £800,000
- Loan Amount: £535,000
- LTV: 67%
With the Brexit uncertainties, the UK property market has become more attractive to foreign buyers. However, obtaining a mortgage as a foreign national can be challenging, especially for those who are not familiar with the UK mortgage market and application process. At Articus Finance, we specialise in providing mortgage solutions for overseas clients looking to purchase UK properties.
Our Client
Spanish national and resident who was relocating to the UK with his family. He had found a new job in London and was looking to purchase a property worth £800,000. They had a deposit of £265,000 and needed a mortgage for the remaining £535,000. As a foreign national, they were not familiar with the UK mortgage market and needed guidance on the application process.
Our Solution
We assessed the client’s financial circumstances and advised them on the best mortgage product that suited their needs. We recommended a 67% LTV mortgage, which would require a deposit of 33% of the property value and a mortgage of £535,000. We also provided guidance on the application process. Download our Foreign National and Expat Guide here.
We worked closely with our panel of lenders to find the best mortgage deal for our clients. This managed us to secure a competitive mortgage offer with a low-interest rate and favourable repayment terms. Our client was pleased with our services and was able to secure their dream property in the UK.
If you are a foreign national looking to purchase a property in the UK and need guidance on the mortgage application process, reach out to us for a personalized mortgage solution.