{"id":19954,"date":"2023-07-08T03:47:04","date_gmt":"2023-07-07T19:47:04","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/financing-a-second-home-purchase-in-london-for-a-hnw-individual"},"modified":"2023-09-13T11:44:50","modified_gmt":"2023-09-13T03:44:50","slug":"financing-a-second-home-purchase-in-london-for-a-hnw-individual","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ae\/case-studies\/financing-a-second-home-purchase-in-london-for-a-hnw-individual","title":{"rendered":"Financing a Second Home Purchase in London for a HNW Individual"},"content":{"rendered":"<h2 style=\"font-size: 15px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><strong><span style=\"color: #134f5c;\">The case in brief<\/span><\/strong><\/span><\/h2>\n<ul style=\"font-size: 13px;\">\n<li><span style=\"color: #134f5c;\">Client: UK National and Resident<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property type: Residential Refinance<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property value: \u00a32 million<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Loan Amount: \u00a31400,000<\/span><\/li>\n<li><span style=\"color: #134f5c;\">LTV: 70%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">We recently had the opportunity to assist a <span style=\"color: #45818e;\"><u>high-net-worth (HNW) client<\/u><\/span> in securing financing for their second home purchase in London. Our client, a director at a prestigious London-based company, had been facing a lengthy daily commute from their current residential property near Salisbury in South West England.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"color: #134f5c; font-family: verdana, geneva, sans-serif; font-size: 10pt;\"><strong>Our client<\/strong><\/span><\/h2>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Our client was in search of a broker with expertise in handling substantial banking bonuses, while also offering competitive rates. Fortunately, Articus holds extensive experience in <a href=\"https:\/\/backup.articusfinance.com\/mortgages\"><span style=\"color: #45818e;\"><u>securing property finance<\/u><\/span><\/a> for individuals with bonus-based incomes. Their substantial bonus, over triple their base salary \u2013 this is viewed less favourably by banks due to its higher risk and less sustainable nature over the mortgage term. Lastly, our client aimed to keep their monthly payments at a minimum.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">If you&#8217;re an HNW client interested in investing in the UK property market, <a href=\"https:\/\/backup.articusfinance.com\/guides\/high-net-worth-mortgage-guide\"><span style=\"color: #45818e;\"><u>download our guide specifically designed for High-Net-Worth individuals<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The client&#8217;s residential property in SW England had a value of \u00a33.2 million with no mortgage, while the desired London property was priced at \u00a32 million. The client preferred not to put any cash in himself so wanted to release equity from their main residence as a down payment.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong>Our solution<\/strong><\/span><\/h2>\n<p>We reached out to a <u>private bank<\/u> which we knew would take a known practical approach in evaluating income, affordability, and repayment strategies. Our broker arranged the loan amounts to align with the lender&#8217;s criteria for <a href=\"https:\/\/backup.articusfinance.com\/interest-only-mortgages\"><span style=\"color: #45818e;\"><u>interest-only payments<\/u><\/span><\/a>, while also securing a highly competitive interest rate for our client.<\/p>\n<p>This case illustrates that as specialists in residential finance, we can provide an extensive range of services. Residential property finance is not the full extent of our offering. We can support your business by arranging a range of <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/mortgages\"><u>finance types<\/u><\/a><\/span> \u2013 <span style=\"color: #45818e;\"><u>G<a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/contact\">et in touch today<\/a><\/u>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: UK National and Resident Property type: Residential Refinance Property value: \u00a32 million Loan Amount: \u00a31400,000 LTV: 70% We recently had the opportunity to assist a high-net-worth (HNW) client in securing financing for their second home purchase in London. Our client, a director at a prestigious London-based company, had been facing [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[62],"tags":[],"class_list":["post-19954","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\/07\/Financing-a-Second-Home-Purchase-in-London-for-a-HNW-Individual.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19954","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/comments?post=19954"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19954\/revisions"}],"predecessor-version":[{"id":20627,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/posts\/19954\/revisions\/20627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media\/19169"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/media?parent=19954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/categories?post=19954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ae\/wp-json\/wp\/v2\/tags?post=19954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}