The case in brief
- Client: US National & UAE Resident
- Property type: Residential
- Property value: £2.3m
- Loan Amount: £1.6m
- LTV: 70%
A client recently approached us after hearing about Articus’s 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, the client had a buy-to-let in the UK which used to be their residential property.
For US citizens interested in investing in the UK, visit our page UK mortgages for US citizens. Here, you will find comprehensive information and resources to assist you in making informed decisions about your investment options.
The property in question was a stunning and historically significant 3-bedroom apartment located near the scenic Convent Garden, valued at approximately £2.3 million.
The lack of a current footprint in the UK is a recurring challenge for Articus Finance when dealing with foreign nationals – this particular case was no exception. We encourage you to visit our Case Studies page to discover additional instances of past successes.
Our solution
Our broker knew the client needed professional assistance – 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.
The private bank, 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.
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. GET IN TOUCH TODAY.