{"id":19977,"date":"2023-08-04T23:05:04","date_gmt":"2023-08-04T15:05:04","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/remortgage-for-british-national-residing-in-australia"},"modified":"2023-09-14T16:51:20","modified_gmt":"2023-09-14T08:51:20","slug":"remortgage-for-british-national-residing-in-australia","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/remortgage-for-british-national-residing-in-australia","title":{"rendered":"Remortgage for British National Residing in Australia"},"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: UK National &amp; Australia Resident<\/li>\n<li>Property type: Buy-to-let Refinance<\/li>\n<li>Property value: \u00a3780,000<\/li>\n<li>Loan Amount: \u00a3508,000<\/li>\n<li>LTV:65%<\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Recently, Articus was contacted by an expat who has resided in Australia for the past 15 years and he was looking to remortgage his <a href=\"https:\/\/backup.articusfinance.com\/buy-to-let-mortgages\"><span style=\"color: #45818e;\"><u>buy-to-let (BTL) property<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\"><a href=\"https:\/\/backup.articusfinance.com\/guides\/buy-to-let\"><span style=\"color: #45818e;\"><u>Looking for more information on Buy-to-Let\u2019s \u2013 download our guide here<\/u>.<\/span><\/a><\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: verdana, geneva, sans-serif; color: #134f5c; font-size: 10pt;\"><strong>Our client<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The buyer was a UK national residing in Australia. He had an unencumbered property in the UK and was looking to release equity to improve the property \u2013 ultimately adding value and allowing the client to increase his rent.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Looking to purchase or remortgage a property as an overseas resident? <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/guides\/expat-foreign-national\"><u>Download our guide for more information<\/u><\/a><\/span>.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The client also had a sporadic income as his employment was seasonal. This adds to the concern\/complexity of the case as lenders would prefer to see a steady income to satisfy the mortgage payments on top of the rental income.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: verdana, geneva, sans-serif; color: #134f5c; font-size: 10pt;\"><strong>Our solution<\/strong><\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">Due to the client\u2019s residency &#8211; we couldn\u2019t approach a \u2018high street\u2019 lender, instead, our broker approached a building society with whom we work regularly. The broker was able to efficiently process the application and take as much work as possible off the client\u2019s desk. \u00a0<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">Successfully obtaining a mortgage or property finance isn\u2019t simple as an overseas resident. Articus plays an effective role in not just assisting the client but also assisting the lender in comprehending and evaluating the borrower&#8217;s risks and merits in order to make an informed decision from the outset.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">In this particular scenario, we efficiently reach a lender who could provide the ideal solution &#8211; a 65% <a href=\"https:\/\/backup.articusfinance.com\/high-loan-to-value-mortgages\"><span style=\"color: #45818e;\"><u>Loan-to-Value (LTV) mortgage<\/u><\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">At Articus, we specialise in brokering mortgages for overseas residents. Download our guide for expats and foreign nationals which will help you obtain a better understanding To discuss your specific situation, <a href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>GET IN <span style=\"color: #45818e;\">TOUCH<\/span> TODAY<\/u><\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: UK National &amp; Australia Resident Property type: Buy-to-let Refinance Property value: \u00a3780,000 Loan Amount: \u00a3508,000 LTV:65% Recently, Articus was contacted by an expat who has resided in Australia for the past 15 years and he was looking to remortgage his buy-to-let (BTL) property. Looking for more information on Buy-to-Let\u2019s \u2013 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19144,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-19977","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\/08\/Case-Study-HeadPicture-1case.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19977","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=19977"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19977\/revisions"}],"predecessor-version":[{"id":21016,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19977\/revisions\/21016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/19144"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=19977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=19977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=19977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}