{"id":19893,"date":"2023-05-24T16:49:48","date_gmt":"2023-05-24T08:49:48","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/5-5-million-refinance-for-a-hnw-british-expat-in-uae"},"modified":"2023-09-14T16:06:01","modified_gmt":"2023-09-14T08:06:01","slug":"5-5-million-refinance-for-a-hnw-british-expat-in-uae","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/5-5-million-refinance-for-a-hnw-british-expat-in-uae","title":{"rendered":"\u00a35.5 million Refinance for a HNW British Expat in UAE"},"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 in the United Arab Emirates<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property type: Country house outside London<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Property value: \u00a39 million<\/span><\/li>\n<li><span style=\"color: #134f5c;\">Loan Amount: \u00a35,500,000<\/span><\/li>\n<li><span style=\"color: #134f5c;\">LTV: 61%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Looking for a high-value mortgage? <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/ch\/guides\/high-net-worth-mortgage-guide\" target=\"_blank\" rel=\"noopener\"><u>Download our High Net Worth Mortgage Guide to find out more<\/u><\/a><\/span><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif; font-size: 15px;\"><strong>The client<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">In this case, we were approached by one of our high-net-worth clients. The client is a British citizen living in the UAE &#8211; to learn more about the services we offer for UAE clients, <a href=\"https:\/\/backup.articusfinance.com\/uk-mortgages-for-uae-residents\"><span style=\"color: #45818e;\"><u>please click here<\/u><\/span><\/a>. The individual owns a prestigious country estate outside London and was looking to refinance it in order to repay the bridging loan utilised for its purchase. The client required a significant loan amount to achieve the objective. To find out how we can assist you if you\u2019re living overseas, visit our\u00a0 <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/expat-mortgages\"><u>UK Mortgages for Expats<\/u><\/a><\/span> page or download our<span style=\"color: #45818e;\"> <u><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/guides\/expat-foreign-national\">guide<\/a>.<\/u><\/span><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Arranging financing for the client was challenging due to various factors:<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Firstly, the client\u2019s residency and the currency of their income (UAE dirham) &#8211; meaning that a specialised approach was required in securing the loan.\u00a0 Lenders often perceive any connections to the Middle East country as higher risk, which can impede access to financial resources.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Additionally, the nature of the property introduced complexity as the client was looking for a substantial loan for a large country house located outside of London \u2013 This can restrict borrowers\u2019 options as not all lenders are willing to finance high-value properties of this type outside the capital.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">In order to support such cases, we collaborate with lenders to provide them with details and background information on the client. This is typically a necessary requirement for accessing finances \u2013 especially for <a href=\"https:\/\/backup.articusfinance.com\/high-loan-to-value-mortgages\"><span style=\"color: #45818e;\"><u>high value loans<\/u><\/span><\/a>.<\/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;\">Due to the unique elements involves in the case and the significant size of the deal, brokering the loan required careful attention.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">Articus successfully approached a <a href=\"https:\/\/backup.articusfinance.com\/private-bank-mortgages\"><span style=\"color: #45818e;\"><u>private bank<\/u><\/span><\/a> with connections to both the UK and the Middle East, making it easier to access financing. We were aware that some lenders might find it difficult to accommodate the client\u2019s unique financing needs combined with their unconventional background. \u00a0However, we secured a competitive loan of \u00a3 5.5 million through effective negotiation.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif;\">If you are an Expat client looking to invest in the UK property market and need assistance with your mortgage application. Do not hesitate to <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/contact\"><u>contact us<\/u><\/a><\/span> for personalised assistance and guidance.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":6,"featured_media":19224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-19893","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\/5.5-million-Refinance-for-a-HNW-British-Expat-in-UAE.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19893","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=19893"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19893\/revisions"}],"predecessor-version":[{"id":20970,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19893\/revisions\/20970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/19224"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=19893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=19893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=19893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}