{"id":19989,"date":"2023-08-18T23:44:39","date_gmt":"2023-08-18T15:44:39","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized\/second-charge-mortgage-for-uk-expat-to-make-home-improvements"},"modified":"2023-09-14T16:58:47","modified_gmt":"2023-09-14T08:58:47","slug":"second-charge-mortgage-for-uk-expat-to-make-home-improvements","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/ch\/case-studies\/second-charge-mortgage-for-uk-expat-to-make-home-improvements","title":{"rendered":"Second Charge Mortgage for UK Expat to make Home Improvements"},"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: British National living in Kuwait<\/li>\n<li>Loan type: Second Charge mortgage<\/li>\n<li>Property value: \u00a31 m<\/li>\n<li>Loan Amount: \u00a3125,000 for home improvements<\/li>\n<\/ul>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Articus Finance recently had the opportunity to assist a <a href=\"https:\/\/backup.articusfinance.com\/expat-mortgages\"><span style=\"color: #45818e;\"><u>British national living in Kuwait<\/u><\/span><\/a> with their mortgage needs. The client had relocated to Kuwait for work purposes. The client owned a property in the UK with a current value of \u00a31m and sought financial assistance for home improvements.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">The client&#8217;s situation presented a unique challenge: As an expat, they encountered limitations in their ability to borrow funds due to their residency status in the Middle East. This restriction meant that traditional mortgage routes were not viable for them. In order to secure the funds they needed for their home improvement project, Articus made sure to explore alternative options.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">For additional information on expat mortgages, <a href=\"https:\/\/backup.articusfinance.com\/expat-mortgages\"><span style=\"color: #45818e;\"><u>please explore our Expat Page<\/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 solution<\/strong><\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">Articus Finance leveraged its expertise in foreign national and expat mortgage services to connect with a suitable lender who specialised in working with expats. Recognising the client&#8217;s strong financial position and the value of their property, Articus Finance engaged with a lender who was willing to provide a second charge mortgage of \u00a3125,000 for the client&#8217;s home improvements.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 10pt;\">This <span style=\"color: #45818e;\"><u>second charge mortgage<\/u><\/span> allowed the client to access the funds required for their home improvement project, despite the restrictions on borrowing typically faced by expats, without having to exit their current 1<sup>st<\/sup> charge mortgage worth \u00a3600,000. The lender appreciated the client&#8217;s financial stability and the property&#8217;s value, making it possible to offer a solution that aligned with the client&#8217;s needs.<\/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 style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: verdana, geneva, sans-serif; color: #134f5c; font-size: 10pt;\"><strong>Conclusion<\/strong><\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">Articus Finance played a pivotal role in assisting the British expat in realising their home improvement aspirations by securing a second charge mortgage. This case exemplifies Articus Finance&#8217;s commitment to tailoring mortgage solutions to the unique circumstances of each client, especially when dealing with <a href=\"https:\/\/backup.articusfinance.com\/foreign-national-mortgages\"><span style=\"color: #45818e;\"><u>foreign nationals<\/u><\/span><\/a> and <a href=\"https:\/\/backup.articusfinance.com\/expat-mortgages\"><span style=\"text-decoration: underline; color: #45818e;\">expats<\/span><\/a>.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\">With a strong track record in handling complex mortgage scenarios, Articus Finance continues to be a reliable partner for individuals looking for financial solutions in the UK mortgage market.<\/span><\/p>\n<p><span style=\"font-size: 10pt; font-family: verdana, geneva, sans-serif;\"><a href=\"https:\/\/backup.articusfinance.com\/contact\"><span style=\"color: #45818e;\"><u>Contact us toda<span style=\"color: #45818e;\">y<\/span><\/u> <\/span><\/a>to explore how we can help you achieve your mortgage goals, no matter your residency status or location.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief Client: British National living in Kuwait Loan type: Second Charge mortgage Property value: \u00a31 m Loan Amount: \u00a3125,000 for home improvements Articus Finance recently had the opportunity to assist a British national living in Kuwait with their mortgage needs. The client had relocated to Kuwait for work purposes. The client owned [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":19128,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[70],"tags":[],"class_list":["post-19989","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-1280-\u00d7-730px-6.png","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19989","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=19989"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19989\/revisions"}],"predecessor-version":[{"id":21023,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/posts\/19989\/revisions\/21023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media\/19128"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/media?parent=19989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/categories?post=19989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/ch\/wp-json\/wp\/v2\/tags?post=19989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}