{"id":19899,"date":"2023-05-24T21:32:32","date_gmt":"2023-05-24T13:32:32","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/75-ltv-uk-mortgage-for-a-french-national"},"modified":"2023-09-14T16:08:32","modified_gmt":"2023-09-14T08:08:32","slug":"75-ltv-uk-mortgage-for-a-french-national","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/75-ltv-uk-mortgage-for-a-french-national","title":{"rendered":"75% LTV UK Mortgage for a French National"},"content":{"rendered":"<p style=\"font-size: 13px; font-weight: bold;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\">The case in brief<\/span><\/p>\n<ul>\n<li>Client: French National &amp; Resident<\/li>\n<li>Property type: Main Residence in London<\/li>\n<li>Property value: \u00a3800,000<\/li>\n<li>Loan Amount: \u00a3640,000<\/li>\n<li>LTV: 75%<\/li>\n<\/ul>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">In this case, we were approached by a French contractor who needed to finance the purchase of a London property. They intended to temporarily relocate to the UK to work on a new contract with a different firm. The client was looking for an <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/high-loan-to-value-mortgages\"><u>80% loan-to-value (LTV) mortgage<\/u><\/a><\/span> without any penalties for early repayments. This aspect held significant importance for the client in terms of planning for future work opportunities upon their potential return to France. To find out more about <a href=\"https:\/\/backup.articusfinance.com\/uk-mortgages-for-french-residents\"><span style=\"color: #45818e;\"><u>UK mortgages for French residents, click here<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">The client&#8217;s decision to buy a property instead of renting was driven by the inclusion of a substantial loan dedicated exclusively to accommodation proposed in her work agreement.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">Articus was working against a deadline as the client wanted to complete the purchase before their upcoming move to London. However, they didn&#8217;t know how to get the best mortgage as they were unfamiliar with the UK mortgage market and the application process. Maximize your mortgage potential by<u><span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/guides\/expat-foreign-national\"> downloading our Foreign National and Expat Guide<\/a><\/span>.<\/u><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our client<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Articus faced a pressing deadline as the client aimed to finalise the purchase before their upcoming move to London. However, they reached out to Articus to ensure they could secure the most advantageous mortgage, as they were unfamiliar with the UK mortgage market and the process.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">In this particular scenario, it was evident that a high street lender would not be able to provide the client with a personalised package that aligned with their specific need, particularly considering the involvement of multiple jurisdictions \u2013 included requirements such as:<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Client wanted no early repayment terms<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Client nationality<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Irregular income<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">\u00a0Possibility of their return to France in the near future.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our solution<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">As a result, Articus approached a range of building societies to explore alternative options &#8211; as they regularly are able to provide bespoke underwriting and a tailored mortgage solution.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">To learn how we can assist foreign nationals, visit our <a href=\"https:\/\/backup.articusfinance.com\/foreign-national-mortgages\"><span style=\"color: #45818e;\"><u>UK Mortgages for Foreign Nationals page<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Through negotiation, Articus successfully secured a 75% loan-to-value (LTV) <a href=\"https:\/\/backup.articusfinance.com\/interest-only-mortgages\"><span style=\"color: #45818e;\"><u>interest-only mortgage<\/u><\/span><\/a> from a private bank on behalf of the client. Notably, Articus was able to arrange the mortgage without any early repayment charges, providing them with more flexibility in their monthly payments. We completed the mortgage process under the client&#8217;s timeline for their relocation to the UK. We also minimised the client&#8217;s involvement per their request, enabling them to focus on their upcoming work project in the capital.<\/span> <a style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\" href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>GET IN <span style=\"color: #45818e;\">TOUCH<\/span> TODAY<\/u><\/span><\/a><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: French National &amp; Resident Property type: Main Residence in London Property value: \u00a3800,000 Loan Amount: \u00a3640,000 LTV: 75% In this case, we were approached by a French contractor who needed to finance the purchase of a London property. They intended to temporarily relocate to the UK to work on a [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-19899","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\/75-LTV-UK-Mortgage-for-a-French-National.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19899","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=19899"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19899\/revisions"}],"predecessor-version":[{"id":20973,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19899\/revisions\/20973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/19216"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=19899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=19899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=19899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}