{"id":13650,"date":"2022-10-06T10:28:14","date_gmt":"2022-10-06T02:28:14","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/remortgage-of-a-1-8-million-uk-property-for-a-british-expat-in-switzerland"},"modified":"2023-09-26T15:43:25","modified_gmt":"2023-09-26T07:43:25","slug":"remortgage-of-a-1-8-million-uk-property-for-a-british-expat-in-switzerland","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/case-studies\/remortgage-of-a-1-8-million-uk-property-for-a-british-expat-in-switzerland","title":{"rendered":"Remortgage of a \u00a31.8 m UK property for a British Expat in Switzerland"},"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><span style=\"color: #000000;\">Client: British National &amp; Switzerland Resident<\/span><\/li>\n<li><span style=\"color: #000000;\">Property type: Residential Home<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"color: #000000;\"> Property value: \u00a31.8 million <\/span><\/li>\n<li><span style=\"color: #000000;\">Loan Amount: \u00a31.35m<\/span><\/li>\n<li><span style=\"color: #000000;\">LTV: 75%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; line-height: 1.5; font-size: 13px; font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Clients reach out to Articus because of our well-known ability to find solutions no matter the complexity of the case. The large majority of our <span style=\"color: #45818e;\"><a style=\"color: #45818e; text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/sg\/high-net-worth-mortgages\" rel=\"noopener\">U\/HNW clients<\/a><\/span> have international property investments and incomes; securing solutions for worldwide clients is our speciality and is a result of the decades worth of experience our brokers hold.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify; 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; font-style: normal; color: #45818e;\" href=\"https:\/\/www.articusfinance.co.uk\/uk-mortgages-for-residents-in-switzerland\" target=\"_blank\" rel=\"noopener\">UK Mortgages For Residents in Switzerland<\/a><\/span>, could be a worthwhile read \u2013 To find out more about how we do it, explore our <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-style: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/sg\/overseas-mortgages\" target=\"_blank\" rel=\"noopener\">Overseas Mortgages page<\/a><\/span>.<\/span><\/p>\n<h2 style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c; font-size: 15px;\"><strong>Our Client<\/strong><\/h2>\n<p style=\"line-height: 1.5; font-size: 13px; font-weight: normal; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Last month a British client contacted one of our Brokers in order to remortgage a \u00a31.8 million property in the South of England. This would usually be straightforward. However, they also resided in Switzerland, and their income was made out of US dollars, Swiss Francs and British Pounds. <\/span><\/p>\n<p style=\"text-align: justify; line-height: 1.5; font-size: 13px; font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">On top of this, the couple was planning to retire within the next 6 months and therefore needed a lender to take all of this income (which will continue) into consideration, as well as a small pension income.<\/span><\/p>\n<p style=\"text-align: justify; line-height: 1.5; font-size: 13px; font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The clients\u2019 current bank refused to remortgage their product due to the fact they were not living overseas. Fortunately, this is what Articus specialises in.<\/span><\/p>\n<h2 style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c; font-size: 15px;\"><strong>Our solution<\/strong><\/h2>\n<p style=\"text-align: justify; line-height: 1.5; font-size: 13px; font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">We approached a lender with whom we\u2019ve worked regularly. We were able to position the client\u2019s situation in a favourable light and negotiate competitive terms at 75% <a style=\"text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/sg\/high-loan-to-value-mortgages\" rel=\"noopener\"><span style=\"color: #45818e; text-decoration: underline;\">LTV (Loan To Value)<\/span><\/a>. Although the client\u2019s income was derived in various currencies \u2013 therefore carrying more risk from the lender\u2019s eyes \u2013 we were able to ensure that they used all the income to maximise their loan.<\/span><\/p>\n<p style=\"line-height: 1.5; text-align: justify; font-size: 13px; font-weight: normal;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Ultimately we were able to secure a competitive mortgage at 75% LTV and ensured it was fixed over a 5-year period. Of course, this was a preferable outcome for our clients. Articus Finance specialises in <a href=\"https:\/\/backup.articusfinance.com\/sg\/overseas-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">overseas borrowers<\/span><\/a>, no matter the complexity. <span style=\"color: #45818e;\"><a style=\"color: #45818e; text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/sg\/contact#contact-form\" rel=\"noopener\">GET IN TOUCH TODAY!<\/a><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[69],"tags":[],"class_list":["post-13650","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-jeanpaul-wright-7557354-1-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13650","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=13650"}],"version-history":[{"count":2,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13650\/revisions"}],"predecessor-version":[{"id":21642,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/13650\/revisions\/21642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/13651"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=13650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=13650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=13650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}