{"id":19943,"date":"2023-06-22T23:57:26","date_gmt":"2023-06-22T15:57:26","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/first-time-uk-purchase-for-us-national-residing-in-uae"},"modified":"2023-09-17T13:38:10","modified_gmt":"2023-09-17T05:38:10","slug":"first-time-uk-purchase-for-us-national-residing-in-uae","status":"publish","type":"post","link":"https:\/\/www.articusfinance.com\/us\/case-studies\/first-time-uk-purchase-for-us-national-residing-in-uae","title":{"rendered":"First Time UK Purchase for US National Residing in UAE"},"content":{"rendered":"<p style=\"font-size: 13px; font-weight: bold;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\">The case in brief<\/span><\/p>\n<ul>\n<li><span style=\"color: #134f5c;\">Client: US National &amp; UAE Resident<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property type: Residential\u00a0<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property value: \u00a32.3m<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Loan Amount: \u00a31.6m<\/span><\/li>\n<li><span style=\"color: #134f5c;\">LTV: 70%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">A client recently approached us after hearing about Articus\u2019s excellent work helping <a href=\"https:\/\/www.articusfinance.com\/us\/foreign-national-mortgages\"><span style=\"color: #45818e;\"><u>foreign nationals purchase property<\/u><\/span><\/a> in the UK. A private doctor who had been based in the UAE for the past few years, the client had a buy-to-let in the UK which used to be their residential property.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">For US citizens interested in investing in the UK, visit our <span style=\"color: #45818e;\"><u>page UK mortgages for <span style=\"color: #45818e;\">US citizens<\/span><\/u><\/span>. Here, you will find comprehensive information and resources to assist you in making informed decisions about your investment options.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">\u00a0The property in question was a stunning and historically significant 3-bedroom apartment located near the scenic Convent Garden, valued at approximately \u00a32.3 million.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The lack of a current footprint in the UK is a recurring challenge for Articus Finance when dealing with foreign nationals &#8211;\u00a0 this particular case was no exception. We encourage you to <a href=\"https:\/\/www.articusfinance.com\/us\/case-studies\"><span style=\"color: #45818e;\"><u>visit our Case Studies page<\/u><\/span><\/a> to discover additional instances of past successes.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our solution<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Our broker knew the client needed professional assistance &#8211; we approached a lender with whom we had previously established a close work relationship. This provided them with a sense of reassurance and significantly facilitated the entire process, ensuring its seamless progression.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\"><span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/www.articusfinance.com\/us\/private-bank-mortgages\"><u>The private bank<\/u><\/a><\/span>, known for its personalised approach, carefully evaluated the case and comprehended the numerous challenges involved in this situation, given its global presence. Private bank mortgages are assessed on a case-by-case basis and the relationship is a vital part of the process. Articus works on behalf of the client and negotiates for the best deal possible.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Following a comprehensive explanation of the situation, we successfully negotiated highly favourable terms, securing a 70% LTV (Loan to Value) against a 2.3 m property over a 5-year duration. <\/span><a style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\" href=\"https:\/\/www.articusfinance.com\/us\/contact\"><span style=\"color: #45818e;\"><u>GET IN TOUCH TODAY<\/u><\/span><\/a><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: US National &amp; UAE Resident Property type: Residential\u00a0 Property value: \u00a32.3m Loan Amount: \u00a31.6m LTV: 70% A client recently approached us after hearing about Articus\u2019s excellent work helping foreign nationals purchase property in the UK. A private doctor who had been based in the UAE for the past few years, [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-19943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/19943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/comments?post=19943"}],"version-history":[{"count":1,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/19943\/revisions"}],"predecessor-version":[{"id":21470,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/19943\/revisions\/21470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/media\/19186"}],"wp:attachment":[{"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/media?parent=19943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/categories?post=19943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/tags?post=19943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}