{"id":14264,"date":"2020-12-04T07:54:19","date_gmt":"2020-12-03T23:54:19","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-sg\/100-uk-mortgage-for-british-expat-in-dubai"},"modified":"2023-08-18T10:53:59","modified_gmt":"2023-08-18T02:53:59","slug":"100-uk-mortgage-for-british-expat-in-dubai","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/sg\/case-studies\/100-uk-mortgage-for-british-expat-in-dubai","title":{"rendered":"100% UK mortgage for British expat in Dubai"},"content":{"rendered":"<h2 style=\"font-size: 15px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>The case in brief<\/strong><\/span><\/h2>\n<p><!--more--><\/p>\n<ul>\n<li>100% UK mortgage for Dubai expat<\/li>\n<li>Complex financial background<\/li>\n<li>10-year fixed term at 1.5%<\/li>\n<li>50% AUM requirement<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Arranging a <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/sg\/expat-mortgages\" target=\"_blank\" rel=\"noopener\">UK mortgage for a British expat<\/a> <\/span>in Dubai, or anywhere for that matter, is rarely straightforward. Add a complex financial background into the mix, and it can become almost impossible to secure the right deal \u2013 unless, of course, you have access to a flexible lender.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Whether you\u2019re ready to secure a UK mortgage as a British expat in Dubai or simply want to learn more about UK property for <a href=\"https:\/\/backup.articusfinance.com\/sg\/foreign-national-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">foreign nationals<\/span><\/a>, our guide can help. Download <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/sg\/guides\/expat-foreign-national\" rel=\"noopener\">Maximising your borrowing as an expat or foreign national<\/a><span style=\"text-decoration: underline;\">.<\/span><\/span><\/span><\/p>\n<h2 style=\"font-size: 15px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>The client\u00a0<\/strong><\/span><\/h2>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our client was a British national now living in Dubai, looking for a UK mortgage as a Dubai expat. He owned a property in the UK valued at \u00a39.25 million, which had previously been his personal residence and was now a <a href=\"https:\/\/backup.articusfinance.com\/sg\/buy-to-let-remortgage\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">buy-to-let<\/span><\/a>.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">This individual was looking to release equity from his property to invest and further diversify his growing portfolio. To this end, he hoped to secure a 100% mortgage against the property \u2013 which was already a huge ask. However, his situation was made even more difficult by the nature of his finances.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Having previously been a very senior figure in the banking world, our client had left his role to continue building his investments. This individual\u2019s investment strategy was for growth, rather than maximising his income \u2013 and he had assets in excess of \u00a325 million, including an extensive amount of high-value land ripe for development.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">He also had a \u00a35 million stock portfolio held with a private bank, with which he had a long-standing relationship. Yet despite all this, most banks would be unable to offer finance to this individual \u2013 because on paper, his income was unable to support a large loan.\u00a0<\/span><\/p>\n<h2 style=\"font-size: 15px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>Our solution\u00a0<\/strong><\/span><\/h2>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">One of the biggest barriers that <a href=\"https:\/\/backup.articusfinance.com\/sg\/high-net-worth-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">ultra-high net worth (UHNW) client<\/span><\/a>s face when securing property finance is finding a lender who can account for incredibly complex financial situations. Combined with this client\u2019s need for a 100% mortgage, this was certainly a challenging case.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our team approached a private bank based in Luxembourg, noted for its flexible attitude and fantastic service. We know this lender is extremely focused on building long-term relationships with exceptional individuals and would likely be open to starting a conversation with this client, given his ambitious long-term plans.\u00a0<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Happily, we were correct \u2013 and this bank was able to offer our client the 100% mortgage he required at substantially lower rates than he could have hoped to achieve elsewhere. Offered on a 10-year fixed term basis at 1.5%, this required placing AUM with the lender equivalent to 50% of the loan amount. However, as some of our client\u2019s assets were not liquid, the bank agreed that he could transfer the AUM over a period of 24 months \u2013 which was an excellent outcome.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">This is a fantastic case study in how the right lender knowledge can lead to a strong outcome, no matter the complexity of an individual\u2019s finances or ambitions. <a href=\"https:\/\/backup.articusfinance.com\/sg\/contact\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">GET IN TOUCH TODAY.<\/span><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":14265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[69],"tags":[],"class_list":["post-14264","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\/02\/Standard-Stock-10-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14264","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=14264"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/14265"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=14264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=14264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=14264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}