The case in brief
- Client: Singapore national living in Singapore
- Property type: Residential Home
- Property value: £ 1,300,000
- Loan Amount: £675,000
- LTV: 52%
Articus Finance is a London-based Broker specialising in offering creative solutions for UK mortgages. This case study highlights how Articus Finance successfully assisted a Singapore national who previously lived in the UK to overcome financial barriers to remortgage her London property.
If you’re an overseas client interested in investing in the UK property market, download our guide specifically designed for foreign nationals and expats.
Our client
Our client was a Singaporean national residing in the UK. She was looking to remortgage her London property which was used when she and her extended family were in the UK. Explore our case study pages for additional examples of successful outcomes.
The major challenge for this case was that the client was overseas, self-employed and lacked a consistent source of income. The self-employed status often poses a significant obstacle for lenders, as they typically prefer the stability of full-time employment with a predictable monthly salary.
To find out more about property finance for overseas clients, explore our page UK Mortgages For Residents in Singapore.
Our solution
We approached a niche building society who were happy with the residential status and the past financial footprint was enough to warrant their interest. Articus pitched the income on average over the past 5 years along with projections. This allowed the lender to become comfortable with the affordability.
If you’re encountering obstacles to securing your home mortgage or another ideal property, Articus Finance is ready to assist. Get in touch today to arrange an initial consultation and take a step closer to realising your property goals.