{"id":19875,"date":"2023-05-02T19:17:53","date_gmt":"2023-05-02T11:17:53","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/remortgage-for-a-uk-client-with-pension-income"},"modified":"2023-09-14T16:50:25","modified_gmt":"2023-09-14T08:50:25","slug":"remortgage-for-a-uk-client-with-pension-income","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/remortgage-for-a-uk-client-with-pension-income","title":{"rendered":"Remortgage for a UK Client with Pension Income"},"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<p><!--more--><\/p>\n<ul style=\"font-size: 13px;\">\n<li><span style=\"color: #134f5c;\">Client: British national and resident\u00a0<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property type: Remortgage Residential Property<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property value: \u00a31.5 million<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Loan Amount: \u00a3400,000<\/span><\/li>\n<li><span style=\"color: #134f5c;\">LTV: 27%<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Looking for guidance on the best remortgage options available to you? <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/our-team\"><u>Our team is here to assist you <\/u><\/a><\/span>in finding the right solution, regardless of the complexity of your remortgage situation.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Take a look at <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/case-studies\"><u>other cases where Articus Finance has effectively secured remortgage<\/u><\/a><\/span> options for our satisfied clients.\u00a0<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong>The client<\/strong><\/span><\/h2>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">A UK- based couple approached Articus to complete a <a href=\"https:\/\/backup.articusfinance.com\/remortgage\"><span style=\"color: #45818e;\"><u>residential remortgage<\/u><\/span><\/a> as their current mortgage product was coming to an end, both clients received solely pension income and were over the age of 70. Despite having significant savings, they request our assistance in securing a new mortgage.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The property in question was their family home in the South West of England, worth \u00a31.5m. Our objective was to secure a small advance of \u00a3400,000 on a full <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/interest-only-mortgages\"><u>interest-only basis<\/u><\/a><\/span> to keep their monthly payments as low as possible.<\/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><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">This case faced a challenge due to the age of the applicants, who were over 70 years old.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">It became crucial for us to find a lender who would consider the future pension income as security. Certain traditional lenders on the high street were unable to provide assistance in this case as they are hesitant to lend to individuals who are over 70 years old.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">By handling the matter carefully, we manage to secure a highly competitive interest rate with a reputable building society. They were able to estimate the future income from the pension. As a result of this, we were able to lend the necessary amount.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The client expressed their satisfaction with the result and we were pleased to have delivered a very positive outcome.\u00a0 <a href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>Get in touch with us today<\/u><\/span><\/a>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":6,"featured_media":19249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-19875","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\/05\/Remortgage-for-a-UK-Client-with-Pension-Income.jpeg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19875","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\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/comments?post=19875"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19875\/revisions"}],"predecessor-version":[{"id":21015,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19875\/revisions\/21015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/19249"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=19875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=19875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=19875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}