{"id":13813,"date":"2022-04-22T15:39:00","date_gmt":"2022-04-22T07:39:00","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-ae\/uk-expat-source-quick-bridging-loan-secure-buy-to-let-property"},"modified":"2023-09-13T12:49:47","modified_gmt":"2023-09-13T04:49:47","slug":"uk-expat-source-quick-bridging-loan-secure-buy-to-let-property","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ae\/case-studies\/uk-expat-source-quick-bridging-loan-secure-buy-to-let-property","title":{"rendered":"UK expat looks to source quick bridging loan to secure buy to let property"},"content":{"rendered":"<p style=\"font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>The case in brief<\/strong><\/span><\/p>\n<p><!--more--><\/p>\n<ul>\n<li>Client: British National &amp; Sweden resident<\/li>\n<li>Property type:\u00a0 Buy-to-Let Bridging<span style=\"font-size: 13px;\">\u00a0refinance<\/span><\/li>\n<li>Property value: \u00a31,350,000<\/li>\n<li>Loan Amount: \u00a3945,000<\/li>\n<li>LTV: 70%<\/li>\n<\/ul>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Purchasing a property in a sought-after location as a buy-to-let often requires a fast turnaround to ensure that the necessary finance is in place to fund the deal. This was the case for our <a href=\"https:\/\/backup.articusfinance.com\/ae\/expat-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">expat UK national,<\/span><\/a> looking to purchase a <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> in the UK using a <a href=\"https:\/\/backup.articusfinance.com\/ae\/bridging-loans\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">bridging loan<\/span><\/a>.<\/span><\/p>\n<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>Our client<\/strong><\/h2>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><a href=\"https:\/\/backup.articusfinance.com\/ae\/foreign-national-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">Our client was a UK national currently residing in Sweden<\/span><\/a>. The client had identified an auctioned UK-based property, which they intended to purchase as a buy to let. The property was located in a highly sought-after area of South West London, where the property is at a premium, and any attractive properties are sold very quickly. Our client did not want to miss out on this property to another competitive buyer.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">In order for the client to acquire the property quickly, their intention was to use a short-term bridging loan as a rapid means to secure the purchase and then to use Articus to remortgage to a more attractive mortgage rate deal once the purchase had been completed.<\/span><\/p>\n<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>Our solution<\/strong><\/h2>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Articus was able to acquire a highly competitive 70% <a href=\"https:\/\/backup.articusfinance.com\/ae\/bridging-loans\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">bridging loan<\/span><\/a> to value against the property. Secured on a 12-month term, we were able to broker a minimum bridging loan term of 3 months, which equated to the amount of time it would take to acquire a suitable remortgage deal for the property. The short-term loan minimum term fitted perfectly with the desired outcome for the client.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Ultimately, we secured a short-term loan of \u00a3945,000 against a property value of \u00a31,350,000. The client was able to complete the purchase of a potentially lucrative buy-to-let property in one of the most sought-after locations in Britain. The bridging loan was secured at a highly favourable rate, which ensured minimal encroachment on the client&#8217;s outlay and potential profits.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The current state of the property market, particularly in the buy-to-let arena, is highly competitive. If an investor does not move quickly to secure the property, it will likely be sold before they have the chance to buy. <\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">A highly experienced and well-connected short-term loans broker such as Articus is able to move quickly to secure the finances and ensure that our clients do not miss out on potentially lucrative investments. We also work tirelessly to procure bridging loans at extremely competitive market rates. <\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">You can learn more about our services or <a href=\"https:\/\/backup.articusfinance.com\/ae\/contact\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">speak to a broker today<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-13813","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\/uk-expat-quick-bridging-loan-secure-buy-to-let-property.jpeg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13813","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=13813"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13813\/revisions"}],"predecessor-version":[{"id":20662,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/13813\/revisions\/20662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media\/13814"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media?parent=13813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/categories?post=13813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/tags?post=13813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}