{"id":13751,"date":"2022-08-24T14:25:00","date_gmt":"2022-08-24T06:25:00","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-ch\/are-you-an-entrepreneur-looking-to-purchase-your-first-property-in-the-uk"},"modified":"2023-09-14T16:11:36","modified_gmt":"2023-09-14T08:11:36","slug":"are-you-an-entrepreneur-looking-to-purchase-your-first-property-in-the-uk","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/are-you-an-entrepreneur-looking-to-purchase-your-first-property-in-the-uk","title":{"rendered":"Are you an entrepreneur looking to purchase your first property in the UK?"},"content":{"rendered":"<p style=\"font-size: 16px;\"><span style=\"color: #134f5c; font-family: Helvetica, Arial, sans-serif;\"><strong>The case in brief<\/strong><\/span><\/p>\n<p><!--more--><\/p>\n<ul>\n<li>Client: British National &amp; Resident<\/li>\n<li>Property type: Residential Home<\/li>\n<li>Property value: \u00a34.525 million<\/li>\n<li>Loan Amount: \u00a33.5 million<\/li>\n<li>LTV: 77%<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">Despite an increasing amount of people taking the step to becoming an entrepreneur, it is still a challenging process to secure a mortgage due to their abnormal income.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">The following case involves a British individual that was looking to buy a prime residential property in Central London. <\/span><\/p>\n<p style=\"font-size: 16px;\"><span style=\"color: #134f5c; font-family: Helvetica, Arial, sans-serif;\"><strong>Our client<\/strong><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"color: black; font-family: Verdana, Geneva, sans-serif;\">Our client was a UK national who was born and raised in London. The property in question was worth \u00a34.525 million and the client was looking to borrow 70% of that amount, for a property of this amount it can be difficult to secure a <span style=\"font-weight: normal; color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/high-loan-to-value-mortgages\" rel=\"noopener\">loan to value (LTV) this high<\/a><span style=\"text-decoration: underline;\">.<\/span><\/span><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"color: black; font-family: Verdana, Geneva, sans-serif;\">As with many entrepreneurs, the client only drew income from the business when it was necessary \u2013 and tax efficient &#8211; it, therefore, fluctuated quite severely from year to year.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"color: black; font-family: Verdana, Geneva, sans-serif;\">Due to the imminent interest rate rises, the client was looking to fix their monthly payments for five years on an <a href=\"https:\/\/backup.articusfinance.com\/ch\/interest-only-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">interest-only<\/span><\/a> basis to minimise costs.<\/span><\/p>\n<p style=\"font-size: 16px;\"><span style=\"font-family: Helvetica, Arial, sans-serif; color: #134f5c;\"><strong style=\"background-color: transparent;\">Our solution<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">From the lenders&#8217; perspective \u2013 and the FCA -, permanent employees have a far more stable and long-term income when compared with entrepreneurs. Fortunately, Articus has specialist knowledge of this relative niche part of the market with core relationships with all lenders and in this case a private bank.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">When dealing with <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/private-bank-mortgages\" target=\"_blank\" rel=\"noopener\">private banks<\/a><\/span>, the way the case is presented is paramount. Due to a proven track record of successful businesses and the trajectories of their current business, the bank was happy to lend.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">We secured the client a residential mortgage of \u00a33.5 million on an interest-only basis for 5 years.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\">This solution was a fantastic result for the client and a notable example of how high-value mortgages for entrepreneur applicants can be achieved with the assistance of the <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/contact#contact-form\" target=\"_blank\" rel=\"noopener\">Articus team<\/a><\/span><span style=\"text-decoration: none;\">. <\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: black; font-size: 13px; font-family: Verdana, Geneva, sans-serif;\"><a style=\"text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/ch\/private-bank-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: normal; color: #45818e; text-decoration: underline;\">Read more<\/span><\/a> about our private bank mortgage services or <a href=\"https:\/\/backup.articusfinance.com\/ch\/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":13752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-13751","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 commercial property mortgage market.jpeg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/13751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/comments?post=13751"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/13751\/revisions"}],"predecessor-version":[{"id":20976,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/13751\/revisions\/20976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/13752"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=13751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=13751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=13751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}