Client Overview
The client was a UK national living and working in Saudi Arabia, employed in a senior professional role. They owned a high-value residential property in the UK which was let out and was approaching the end of an existing fixed-rate mortgage.
Due to their overseas residency and income structure, the client required specialist advice to secure a suitable remortgage solution. Click here for more information on the different types of services we provide for expats or download our expat/foreign national guide.
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The Challenge
The client needed to remortgage a UK property valued at approximately £2.4 million, with an existing loan balance of £1.6 million.
Key challenges included:
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Expat status, with income earned overseas
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Income paid in a foreign currency
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£1m+ loan size
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A requirement for a competitive rate despite the loan size
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The need for a smooth, well-managed process while based abroad
If you’re looking for a £1m+ mortgage, our high-net-worth mortgage guide provides you with the tips, insights and guidance.
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The Articus Finance Approach
Articus Finance conducted a detailed assessment of the client’s circumstances, including:
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Overseas employment contract and income verification
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Currency considerations and lender stress testing
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UK credit profile and asset position
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Long-term plans for the property
We identified a shortlist of specialist expat mortgage lenders with experience supporting clients based in the Middle East and advised on the most preferable for the client situation.
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The Solution
Articus Finance successfully arranged:
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A £1.6 million expat remortgage with a specialist lender
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A competitive fixed-rate product to provide payment certainty
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Flexible terms aligned with the client’s overseas employment
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A streamlined process managed remotely from start to finish
The lender was comfortable with both the client’s location and income structure, allowing the remortgage to complete without unnecessary delays.
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The Result
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Successful completion ahead of the existing mortgage expiry
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Improved rate certainty in a changing market
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Minimal disruption despite the client being based overseas
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A clear long-term mortgage strategy aligned with the client’s plans Are you an expat looking to discuss a case? Get in touch with one of our brokers today.