{"id":13435,"date":"2023-03-01T04:59:16","date_gmt":"2023-02-28T20:59:16","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-ae\/buy-to-let-remortgage-for-french-national"},"modified":"2023-09-13T11:39:32","modified_gmt":"2023-09-13T03:39:32","slug":"buy-to-let-remortgage-for-french-national","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ae\/case-studies\/buy-to-let-remortgage-for-french-national","title":{"rendered":"Buy to Let Remortgage for French national"},"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<p><!--more--><\/p>\n<ul>\n<li>Client: French National &amp; Resident<\/li>\n<li>Property type: New Build Flat in Central London<\/li>\n<li>Property value: \u00a3875,000<\/li>\n<li>Loan Amount: \u00a3656,000<\/li>\n<li>LTV: 70%<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our client<\/strong><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">A <a href=\"https:\/\/backup.articusfinance.com\/ae\/uk-mortgages-for-french-residents\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e;\"><u>French national and UK resident<\/u><\/span><\/a> contacted us regarding remortgaging their investment property in the UK. The new-build apartment, valued at \u00a3875,000, was conveniently located in central London and was occupied by a tenant under an assured shorthold tenancy. The client had initially purchased the property with <a href=\"https:\/\/backup.articusfinance.com\/ae\/bridging-loans\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e;\"><u>bridging finance<\/u><\/span><\/a> to secure the property as there was competition, their current outstanding balance with the bridging finance lender was \u00a3560,000. <a href=\"https:\/\/backup.articusfinance.com\/ae\/foreign-national-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e;\"><u>Click here<\/u><\/span><\/a> to learn how we assist French residents.<\/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 style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Although obtaining a bridging loan to purchase a property has various benefits, such as quick completion, flexibility, and confidentiality, the customer was keen on switching to a standard <a href=\"https:\/\/backup.articusfinance.com\/ae\/buy-to-let-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e;\"><u>Buy-to-Let (BTL) mortgage<\/u><\/span><\/a> as they are usually much cheaper.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Even though the client had no other financial history in the UK apart from their investment property, we were able to expedite the process due to our relationship with the lender. Securing this mortgage required expertise in identifying lenders who would be willing to extend <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ae\/foreign-national-mortgages\" target=\"_blank\" rel=\"noopener\"><u>loans to non-UK citizens<\/u><\/a><\/span> with income originating from France. Our broker connected the client with a specialist building society providing a competitive fixed-rate mortgage. The client was happy to utilize their savings to cover any shortfall, as the maximum loan amount available was \u00a3520,000.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The Bank of England continues increasing the base rate to boost the value of the pound and combat inflation, causing mortgage rates to fluctuate. If you are nearing the end of your current mortgage terms or seeking a more affordable financial option, <a href=\"https:\/\/backup.articusfinance.com\/ae\/contact\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">reach out to Articus<\/span><\/a> for an obligation-free discussion about your intentions.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-13435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies"],"acf":[],"jetpack_featured_media_url":"https:\/\/backup.articusfinance.com\/wp-content\/uploads\/2023\/04\/Buy-to-Let-Remortgage-for-French-national-cover.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/comments?post=13435"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13435\/revisions"}],"predecessor-version":[{"id":20621,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13435\/revisions\/20621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media\/13436"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media?parent=13435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/categories?post=13435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/tags?post=13435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}