{"id":13612,"date":"2022-10-14T10:19:56","date_gmt":"2022-10-14T02:19:56","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/bridging-mortgage-for-british-expat-in-singapore-to-purchase-a-property"},"modified":"2023-09-15T13:23:12","modified_gmt":"2023-09-15T05:23:12","slug":"bridging-mortgage-for-british-expat-in-singapore-to-purchase-a-property","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/case-studies\/bridging-mortgage-for-british-expat-in-singapore-to-purchase-a-property","title":{"rendered":"Bridging mortgage for British expat in Singapore to purchase a property"},"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 style=\"font-size: 13px;\">\n<li><span style=\"font-family: Verdana, Geneva, sans-serif;\">Client: Expat in Singapore<\/span><\/li>\n<li><span style=\"font-family: Verdana, Geneva, sans-serif;\">Property type: Residential Home<\/span><\/li>\n<li><span style=\"font-family: Verdana, Geneva, sans-serif;\">Property value: \u00a3 700K<\/span><\/li>\n<li><span style=\"font-family: Verdana, Geneva, sans-serif;\">Loan Amount: \u00a3525K<\/span><\/li>\n<li><span style=\"font-family: Verdana, Geneva, sans-serif;\">LTV: 75%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\"><span style=\"color: #45818e;\"><a style=\"font-weight: normal; text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/sg\/bridging-loans\" rel=\"noopener\">Bridging finance<\/a><\/span> is an increasingly popular alternative for residential property as rates are becoming more competitive. This is a viable method of purchasing a property when speed is a factor to consider. These short-term loans can be turned around in a matter of days, so they are an excellent means to raise fast funds.\u00a0\u00a0<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">To find out more about property finance for overseas clients, explore our <span style=\"color: #093031;\"><a style=\"font-weight: normal; color: #093031; font-style: normal; text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/sg\/overseas-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e; text-decoration: underline;\">Overseas Mortgages page<\/span><\/a><\/span>.<\/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; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">An expat client recently approached Articus in Singapore who had found an attractive investment opportunity for an extraordinary country house in the Surrey area. Our client needed to act quickly to secure the property valued at \u00a3700.000 due to price rises in the market.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">On top of this, they faced several issues. For one, the previous broker they contacted did not conclude the process, as the property couldn&#8217;t be mortgageable due to problems with internal structures. Therefore, it had to undertake a refurbishment. This is common problem property investors encounter when it comes to the valuation stage.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Needing this bridge in order to purchase the property and make the refurbishments, the client required expert advice on the best and quickest way to proceed.<\/span><\/p>\n<p style=\"font-size: 15px;\"><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; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The broker knew a bridging loan, individually negotiated and fast to arrange, would be an ideal solution in the first stage of this case.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The broker approached a bridging company which we work with regularly. We knew that we could have the application fast tracked and complete within a matter of weeks.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our broker was then able to find a suitable and competitive lender that could remortgage the client off the bridge once the works had been completed.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Using our expertise and connections, <a href=\"https:\/\/backup.articusfinance.com\/sg\/contact#contact-form\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\"><span style=\"font-weight: bold;\">Articus<\/span><\/span> <\/a>created a quick and painless solution perfectly suited to the client&#8217;s circumstances. <span style=\"color: #45818e;\"><span style=\"text-decoration: underline;\"><span style=\"font-weight: normal;\">Learn more about Bridging mortgage <\/span><\/span><a style=\"font-weight: normal; text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/sg\/bridging-loans\" target=\"_blank\" rel=\"noopener\">here<\/a><\/span>.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[69],"tags":[],"class_list":["post-13612","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\/spacejoy-EPPbKZPN0rU-unsplash-1-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/comments?post=13612"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13612\/revisions"}],"predecessor-version":[{"id":21301,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13612\/revisions\/21301"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/13613"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=13612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=13612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=13612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}