Buy to Let Remortgage for French National to Repay a Bridging Loan
Featured Snippet: Articus Finance successfully arranged a buy to let remortgage for French national to repay a bridging loan. An £850,000 facility at 77% LTV was secured through a challenger lender, enabling refinancing from short-term bridging to a competitive fixed-rate product on a prime South London home.
Introduction
In fast-moving property markets, bridging finance often serves as the critical step to secure an asset. However, transitioning from short-term lending to long-term, stable structures is essential. This case study outlines how Articus Finance structured a buy to let remortgage for French national to repay a bridging loan, securing favourable rates and enabling our client to retain a prime residential property in South London.
Client Background
The client, a French national residing overseas, had previously approached Articus Finance when bidding for a South London residence valued at £1.1 million. Facing the risk of losing the property due to time-sensitive completion, they required immediate finance. A bridging loan arranged by Articus enabled the purchase to complete successfully.
With ownership secured, the client sought to refinance onto a longer-term product. As this move coincided with rising UK interest rates—forecasted to exceed 5%—the priority was effective remortgaging on competitive fixed terms to safeguard costs while discharging the bridging facility.
The Challenge
Several obstacles presented themselves in the case:
- No UK financial footprint: As a foreign national, the client lacked domestic credit history.
- Bridging loan transition: The timing of refinancing was crucial to avoid excess interest costs.
- Foreign residency: Many lenders remain hesitant to extend facilities to French residents without substantial UK ties.
- Market volatility: Interest rates were rapidly climbing, requiring swift execution.
Taken together, these factors placed the case beyond the standard remit of high street banking and necessitated specialist positioning.
Our Solution
Articus Finance leveraged its deep network among specialist building societies and challenger banks, many of whom demonstrate appetite for niche, international lending scenarios. By framing the case around the client’s broader asset base and their successful fulfilment of bridging obligations, lender confidence was secured.
- Facility arranged: £850,000 buy-to-let remortgage facility.
- LTV: High leverage at 77% against a property value of £1.1 million.
- Lender: Challenger bank with comfort extending to foreign nationals lacking UK credit history.
- Rate: Fixed, insulating the client from imminent rate movements.
This structure refinanced the existing bridging loan seamlessly, reduced funding costs, and positioned the client’s property financing on a sustainable basis.
Key Highlights
- Client: French national and resident.
- Property: South London residence valued at £1.1 million.
- Loan: £850,000 buy-to-let remortgage.
- LTV: 77% achieved.
- Challenge: Bridging loan repayment & absence of UK financial footprint.
- Solution: Challenger bank facility at competitive rates with fixed product security.
Why Articus Finance Delivered
Completing a buy to let remortgage for French national to repay a bridging loan required specialist knowledge of the non-standard mortgage market. Success was achieved by:
- Partnering with a lender experienced in lending to foreign nationals without UK credit records.
- Structuring the application to highlight the client’s track record of repaying bridging finance and their asset position.
- Ensuring a timely refinancing to avoid higher costs in a volatile interest rate market.
- Negotiating terms that provided immediate relief from short-term debt, while insulating against future uncertainty.
This case validates why expert brokers are indispensable when bridging into longer-term financing environments, particularly for international clients.
Explore Related Insights
- London Mortgage for Non-UK Citizen Living in the USA
- High Net Worth Mortgage for British Expat in the US
- UK Mortgage for a Spanish National Residing in UAE
- Mixed Residential and Commercial Remortgage with High Loan to Value
- Entrepreneur Purchase First Property in the UK
- High Net Worth Individual Interest-Only Mortgage
- Bridging Loan Securing BTL Property for UK Expat
- Financial Conduct Authority (FCA)
Final Thoughts
This buy to let remortgage for French national to repay a bridging loan illustrates how Articus Finance leverages specialist knowledge to create certainty for international clients. By transitioning swiftly from bridging to long-term funding at 77% LTV, our client secured both the property and peace of mind in a rising-rate environment.