{"id":13665,"date":"2022-10-06T09:56:59","date_gmt":"2022-10-06T01:56:59","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-ae\/buy-to-let-remortgage-for-french-national-to-repay-a-bridging-loan"},"modified":"2023-09-13T11:40:17","modified_gmt":"2023-09-13T03:40:17","slug":"buy-to-let-remortgage-for-french-national-to-repay-a-bridging-loan","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ae\/case-studies\/buy-to-let-remortgage-for-french-national-to-repay-a-bridging-loan","title":{"rendered":"Buy to Let Remortgage for French National to repay a Bridging Loan"},"content":{"rendered":"<p><span style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong>The case in brief<\/strong><\/span><\/p>\n<p><!--more--><\/p>\n<ul>\n<li>Client: French National &amp; Resident<\/li>\n<li>Property type: Residential Home<\/li>\n<li style=\"text-align: justify;\">Property value: \u00a31.1 million<\/li>\n<li>Loan Amount: \u00a3850,000<\/li>\n<li>LTV: 77%<\/li>\n<\/ul>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\">In<span style=\"font-family: Verdana, Geneva, sans-serif;\">\u00a0the current volatile environment, clients \u2013 and ourselves &#8211; must move fast to secure rates. Delays of even 24 hours could raise your rate and your monthly payments. <\/span><\/p>\n<p style=\"font-size: 13px; line-height: 1.5; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"color: #333333;\">It is reported that economists expect\u00a0<\/span><span style=\"color: #45818e;\"><a style=\"color: #45818e; text-decoration: underline;\" href=\"https:\/\/www.thisislocallondon.co.uk\/news\/national\/uk-today\/22740418.uk-interest-rates-high-rate-go\/\" target=\"_blank\" rel=\"noopener\">interest rates<\/a><\/span><span style=\"color: #333333;\">\u00a0to more than double to\u00a05.5% by summer 2023,\u00a0with the current level being at 2.25%.<\/span><\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 15px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our Client <\/strong><\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">In this case, we were approached by an existing client, a French national and resident looking to remortgage their UK property. The residence is located in South London. <\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">To find out more about property finance for overseas clients, explore our page <span style=\"font-weight: normal; color: #45818e;\"><span style=\"text-decoration: underline; font-style: normal;\"><a style=\"color: #45818e; text-decoration: underline;\" href=\"https:\/\/articusfinancecouk.sharepoint.com\/uk-mortgages-for-french-residents\" target=\"_blank\" rel=\"noopener\">UK Mortgages For Residents in France<\/a><\/span><span style=\"text-decoration: underline; font-style: normal;\">.<\/span><\/span><\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The client had originally approached us to secure a bridging loan to buy the property. The clients were close to losing the property and therefore needed a bridging loan due to the pace they could be secured. <\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Buying a property with a <span style=\"color: #45818e;\"><a style=\"font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ae\/bridging-loans\" rel=\"noopener\"><span style=\"text-decoration: underline;\">bridging loan<\/span><\/a><\/span> brings many advantages such as rapid completion, flexibility and short term. We then began the process of applying for a standard <a href=\"https:\/\/backup.articusfinance.com\/ae\/buy-to-let-remortgage\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">buy-to-let property<\/span><\/a> with a niche building society which we regularly work with. <\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 15px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our Solution <\/strong><\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Articus Finance can help <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ae\/uk-mortgages-for-french-residents\" rel=\"noopener\">French residents<\/a><\/span> secure financing on UK properties, even if their profile is \u2018abnormal\u2019. As this case illustrates, despite the client having no financial footprint in the UK, we were able to find a solution rapidly with preferable terms that suited all parties involved.<\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our Broker was aware that this type of case required specialist knowledge of the whole market and approach a lender who would be comfortable offering a loan to foreign nationals with no financial track in the UK.<\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">We ultimately secured a mortgage deal with a challenger bank that was able to offer them a competitive fixed-rate at 77% LTV.<\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Whether your present mortgage product is coming to an end or you simply want to discuss your current product<strong>, <\/strong><span style=\"text-decoration: underline; color: #45818e;\"><a style=\"font-weight: normal; color: #45818e; text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/ae\/contact#contact-form\" rel=\"noopener\">Articus Finance<\/a><\/span> can help you find what you are looking for and archive your mortgage goals.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-13665","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\/01\/pexels-mark-mccammon-2724749-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13665","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=13665"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13665\/revisions"}],"predecessor-version":[{"id":20622,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13665\/revisions\/20622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media\/13666"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media?parent=13665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/categories?post=13665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/tags?post=13665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}