{"id":14146,"date":"2021-05-12T04:49:17","date_gmt":"2021-05-11T20:49:17","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-ch\/uk-mortgage-for-indian-national-working-as-a-dentist-in-the-uk"},"modified":"2023-09-14T17:08:11","modified_gmt":"2023-09-14T09:08:11","slug":"uk-mortgage-for-indian-national-working-as-a-dentist-in-the-uk","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/uk-mortgage-for-indian-national-working-as-a-dentist-in-the-uk","title":{"rendered":"UK Mortgage for Indian national working as a dentist in the UK"},"content":{"rendered":"<h2 style=\"font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong><span style=\"color: #134f5c;\">The case in brief<\/span><\/strong><\/h2>\n<p><!--more--><\/p>\n<ul>\n<li><span style=\"color: #134f5c;\">Client: Indian national and UK resident\u00a0<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property type: Residencial purchase\u00a0<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property value: \u00a3955,000<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Loan Amount: \u00a3688,500<\/span><\/li>\n<li><span style=\"color: #134f5c;\">LTV: 72%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><br \/>\nAs is the case with many dentists, much of their work is often divided between NHS work and private work. Many high street lenders will shy away from an atypical income, even if this mix totals a significant gross income. As our client discovered, working with an expert in this area can produce the desired results.<\/span><\/p>\n<h2 style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong>The client<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our client was an Indian national with indefinite rights to remain in the UK. To find out more about property finance for non-UK national clients, explore our page<strong>\u00a0<\/strong><span style=\"color: #45818e;\"><u><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/foreign-national-mortgages\" target=\"_blank\" rel=\"noopener\">UK Mortgages For Foreign Nationals<\/a>.<\/u><\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Their income was a combination of NHS work and through private practice. As a first-time buyer, our client required a mortgage based on 6 times their income but with the unusual mix of income streams, they were finding it increasingly difficult to acquire the mortgage they needed.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Many lenders were hesitant to lend due to the fact that private income may not always be steady, but Articus Finance was able to demonstrate the client\u2019s ability to afford the repayments.<\/span><\/p>\n<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>Our solution<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Having worked with many similar clients, we understood the bespoke needs of this client. Working in partnership with a niche-building society, whom we have forged an excellent relationship with, we were able to meet the client\u2019s target of 6 times their income.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">This was achieved by enabling the full incomes of both their NHS and private work to be considered towards the application.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">As a result, the client was able to finance their first UK property, maximising their income and achieving a loan of \u00a3668,500 towards their total property price. Many clients such as this can be left frustrated through being rejected by many lenders, in spite of the fact that their earnings can easily afford the repayments. Articus Finance was able to remove the stress from this situation and achieve a satisfactory outcome for the client.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">We work with many clients who do not always have a typical income stream, which can cause issues when looking to <a href=\"https:\/\/backup.articusfinance.com\/ch\/high-loan-to-value-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">finance high-value properties<\/span><\/a>. Read more about <span style=\"color: #45818e;\"><a style=\"font-weight: normal; text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/mortgages\" target=\"_blank\" rel=\"noopener\">our mortgage services<\/a><\/span>, 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":14147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-14146","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\/mortgage-for-dentist-case-study.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/14146","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=14146"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/14146\/revisions"}],"predecessor-version":[{"id":21035,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/14146\/revisions\/21035"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/14147"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=14146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=14146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=14146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}