{"id":19967,"date":"2023-07-21T23:11:02","date_gmt":"2023-07-21T15:11:02","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/1-2-m-uk-mortgage-for-first-time-buyers-living-in-hong-kong"},"modified":"2023-09-17T13:12:08","modified_gmt":"2023-09-17T05:12:08","slug":"1-2-m-uk-mortgage-for-first-time-buyers-living-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.articusfinance.com\/us\/case-studies\/1-2-m-uk-mortgage-for-first-time-buyers-living-in-hong-kong","title":{"rendered":"\u00a31M UK Mortgage For First-Time Buyers Living In Hong Kong"},"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>Client: Couple &#8211; British Expat &amp; Hong Kong National<\/li>\n<li><span class=\"WdYUQQ text-decoration-none text-strikethrough-none\">Property type: Residential\u00a0<\/span><\/li>\n<li>Property value: \u00a31.8M<\/li>\n<li>Loan Amount: \u00a3 1.2M<\/li>\n<li>LTV: 66%<\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Property in the UK is widely regarded as a safe long-term investment, prompting numerous British expats to maintain or acquire real estate in their home country. However, certain circumstances can complicate matters, such as obtaining a <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/www.articusfinance.com\/us\/uk-mortgages-for-hong-kong-residents\"><u>UK mortgage for non-residents with Hong Kong residency<\/u><\/a><\/span> \u2013 which can present significant challenges.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">If you&#8217;re an overseas client interested in investing in the UK property market, <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/www.articusfinance.com\/us\/overseas-mortgages\"><u>visit our Overseas <span style=\"color: #45818e;\">Mortgages<\/span> page<\/u>.<\/a><\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c; font-size: 12pt;\"><strong>Our client\u00a0<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">We recently assisted to a <a href=\"https:\/\/www.articusfinance.com\/us\/expat-mortgages\"><span style=\"color: #45818e;\"><u>British expat<\/u><\/span><\/a> in obtaining a mortgage for a <a href=\"https:\/\/www.articusfinance.com\/us\/mortgages\"><span style=\"color: #45818e;\"><u>residential property<\/u><\/span><\/a> located in North West London. Our client, along with her husband, were first-time buyers with a clear intention of establishing their long-term roots in the UK to raise their family.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Obtaining UK mortgages for British expats is generally a manageable process. However, in this particular case, several factors presented genuine challenges. At the time of the application our clients were residing and working in Hong Kong. Additionally, the husband held <a href=\"https:\/\/www.articusfinance.com\/us\/uk-mortgages-for-hong-kong-residents\"><span style=\"color: #45818e;\"><u>Hong Kong citizenship<\/u><\/span><\/a>, which made certain lenders uneasy due to their lending policies.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Furthermore, at the time of their inquiry through <a href=\"https:\/\/www.articusfinance.com\/us\"><span style=\"color: #45818e;\"><u>our website<\/u><\/span><\/a> they were looking to purchase a residential property that couldn&#8217;t be immediately occupied since it needs some refurbishing.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">In addition to covering rent and living expenses in Hong Kong, my clients desired a joint mortgage for affordability reasons, while insisting that the property deeds be only in the wife&#8217;s name.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c; font-size: 12pt;\"><strong>Our solution <\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Due to our vast network of lenders, including those who are familiarised to working with Hong Kong nationals and residents. Given the complexity of our clients&#8217; requirements &#8211; Articus decided to approach a <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/www.articusfinance.com\/us\/private-bank-mortgages\"><u>private bank<\/u><\/a><\/span> with whom we have an exceptionally strong relationship. Our broker successfully showcased the couple&#8217;s solid employment history to the lender, highlighting their consistent income levels over the past three years.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Looking to purchase or remortgage a property as an overseas resident? <a href=\"https:\/\/www.articusfinance.com\/us\/guides\/expat-foreign-national\"><span style=\"color: #45818e;\"><u>Download our guide for more information<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Our client was thrilled with the final terms that were agreed upon, as it fell comfortably within their planned budget, bringing them great satisfaction.\u00a0<\/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><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: Couple &#8211; British Expat &amp; Hong Kong National Property type: Residential\u00a0 Property value: \u00a31.8M Loan Amount: \u00a3 1.2M LTV: 66% Property in the UK is widely regarded as a safe long-term investment, prompting numerous British expats to maintain or acquire real estate in their home country. However, certain circumstances can [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-19967","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\/19967","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=19967"}],"version-history":[{"count":1,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/19967\/revisions"}],"predecessor-version":[{"id":21446,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/19967\/revisions\/21446"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/media\/19154"}],"wp:attachment":[{"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/media?parent=19967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/categories?post=19967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.articusfinance.com\/us\/wp-json\/wp\/v2\/tags?post=19967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}