{"id":13576,"date":"2022-10-26T15:18:15","date_gmt":"2022-10-26T07:18:15","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/non-classifiee\/private-bank-commercial-remortgage-for-a-british-expat-living-in-hong-kong"},"modified":"2023-09-13T18:51:28","modified_gmt":"2023-09-13T10:51:28","slug":"private-bank-commercial-remortgage-for-a-british-expat-living-in-hong-kong","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/fr\/case-studies\/private-bank-commercial-remortgage-for-a-british-expat-living-in-hong-kong","title":{"rendered":"Private bank commercial remortgage for a British Expat living in Hong Kong"},"content":{"rendered":"<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>The case in brief<\/strong><\/h2>\n<p><!--more--><\/p>\n<ul>\n<li>Client: Britsh National &amp; Hong Kong Resident<\/li>\n<li>Property type: Commercial property<\/li>\n<li>Property value: \u00a3 3,200,000<\/li>\n<li>Loan Amount: \u00a31,600,000<\/li>\n<li>LTV: 50%<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">A client recently approached Articus for help with a complex international remortgage in the UK.<\/span><\/p>\n<p style=\"font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Suppose you\u2019re currently searching for property finance although living overseas. In that case, our page, <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/fr\/uk-mortgages-for-hong-kong-residents\" target=\"_blank\" rel=\"noopener\">UK Mortgages For Residents in Hong Kong<\/a><\/span>, could be a worthwhile read \u2013 To find out more about how we do it, explore our <a style=\"text-decoration: none;\" href=\"https:\/\/backup.articusfinance.com\/fr\/overseas-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e; text-decoration: underline;\">Overseas Mortgages page<\/span>.<\/a><\/span><\/p>\n<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>Our client<\/strong><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our client was a British national currently living and working in Hong Kong. They were looking to remortgage five commercial units they owned as investment properties.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The family had recently moved to Hong Kong to pursue work commitments. They bought five units in a retail park in South East London as a steady and reliable income for the next 10 years. Their aim was to release equity to allow them to buy property in Hong Kong. Unfortunately, due to the recent move, they had very little \u2018guaranteed\u2019 income to show apart from the security itself, which traditional banks would usually require. The clients were also looking for a 10-year fixed rate to coincide with the leases on the properties.<\/span><\/p>\n<p><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong style=\"background-color: transparent;\">Our solution<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">After the initial free consultation with one of our brokers, we knew that we would be able to secure a competitive solution for our client.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">As mentioned, the toughest part of this case was the fact that there was no other guaranteed income apart from the security. However, due to the length of the leases on the commercial buildings (10 years), we made the bank comfortable with waiving their usual criteria.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Arranging mortgages for British expats can be incredibly challenging. Add an unusual asset (as defined by traditional banks), and the only solution is a creative solution.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">We secured a 10-year fixed rate in line with the client\u2019s needs at a competitive rate. <span style=\"color: #45818e;\"><a style=\"color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/fr\/contact#contact-form\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Get in touch<\/span><\/a><\/span> with our brokers today for a free consultation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":10112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[68],"tags":[],"class_list":["post-13576","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\/01\/pexels-scott-webb-305833-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts\/13576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/comments?post=13576"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts\/13576\/revisions"}],"predecessor-version":[{"id":20864,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts\/13576\/revisions\/20864"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/media\/10112"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/media?parent=13576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/categories?post=13576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/tags?post=13576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}