{"id":13768,"date":"2022-06-20T05:55:22","date_gmt":"2022-06-19T21:55:22","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/non-classifiee\/mixed-residential-and-commercial-remortgage-with-high-loan-to-value"},"modified":"2023-08-11T12:12:13","modified_gmt":"2023-08-11T04:12:13","slug":"mixed-residential-and-commercial-remortgage-with-high-loan-to-value","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/fr\/case-studies\/mixed-residential-and-commercial-remortgage-with-high-loan-to-value","title":{"rendered":"Mixed residential and commercial remortgage with high loan to value"},"content":{"rendered":"<p style=\"font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>The case in brief<\/strong><\/span><\/p>\n<p><!--more--><\/p>\n<ul>\n<li>Client: British National &amp; Resident<\/li>\n<li>Property type: M<span style=\"font-size: 13px;\">ixed-use refinance<\/span><\/li>\n<li>Property value: \u00a33.4 million<\/li>\n<li>Loan Amount: \u00a32 million<\/li>\n<li>LTV: 88%<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-size: 13px;\">Mixing commercial interests with residential can cause issues when looking to secure a mortgage or refinance. Sourcing a lender who will offer a mortgage deal on a mixed-use property can be difficult, particularly if the client requires a high loan-to-value ratio combined with a competitive <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"\/fr\/commercial-development\">commercial mortgage<\/a><\/span> interest rate. This was the case with our client, who needed our help to secure a remortgage deal and release further equity in her mixed-use property.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #134f5c; font-size: 13px;\"><strong>Our client<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 13px;\">Our client was the owner of a \u00a33.4 million manor house based in a rural location around 1 hour from London. Our client was not only a resident of the property, but also runs a successful nursery business from the same location. She was looking to release further equity in the property to make home improvements, whilst at the same time reducing her monthly payments.<\/span><\/p>\n<p><span style=\"font-size: 13px;\">The client\u2019s situation was complicated because the property is regulated, combining her commercial interests with her domestic property. This is a scenario which many lenders will shy away from. To add an additional layer of complexity, our client was also looking for an extremely <a href=\"https:\/\/backup.articusfinance.com\/fr\/high-loan-to-value-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">competitive mortgage loan-to-value ratio<\/span><\/a> of 88% &#8211; something that would ordinarily be unachievable in the commercial world.<\/span><\/p>\n<p><span style=\"color: #134f5c; font-size: 13px;\"><strong>Our solution<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 13px;\">We partnered with a mortgage lender who was comfortable in offering refinance to our client\u2019s <a href=\"https:\/\/backup.articusfinance.com\/fr\/commercial-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">commercial and residential property<\/span><\/a>. We also managed to negotiate a highly competitive mortgage rate, on a fixed term of 5 years, which in the current climate of rising interest rates was of great benefit to the client.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 13px;\">In addition to this, we were also able to negotiate the client\u2019s preferred loan to value ratio of 88%, with a view to amortising this down to 75% over the 5 year term. The client was extremely satisfied with the outcome and now pays less per month than she did before. Ultimately, we increased our client\u2019s mortgage by \u00a31 million from a previous level of \u00a32 million against a property value of \u00a33.4 million.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 13px;\">This case study shows that even when a remortgage request seems unlikely, utilising our relationships and experience can produce beneficial results. Our close relationships with <a href=\"https:\/\/backup.articusfinance.com\/fr\/private-bank-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">private lenders<\/span><\/a> means that we can negotiate highly competitive mortgage terms that are unlikely to be achieved on the high street. You can learn more about our services or <a href=\"https:\/\/backup.articusfinance.com\/fr\/contact\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">speak to a broker today<\/span><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":10121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[68],"tags":[],"class_list":["post-13768","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\/mixed-residential-commercial-property.jpeg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts\/13768","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=13768"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/posts\/13768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/media\/10121"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/media?parent=13768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/categories?post=13768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/fr\/wp-json\/wp\/v2\/tags?post=13768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}