{"id":13711,"date":"2022-09-13T15:22:02","date_gmt":"2022-09-13T07:22:02","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-us\/london-mortgage-for-non-uk-citizen-living-in-the-usa"},"modified":"2023-08-09T23:56:07","modified_gmt":"2023-08-09T15:56:07","slug":"london-mortgage-for-non-uk-citizen-living-in-the-usa","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/us\/case-studies\/london-mortgage-for-non-uk-citizen-living-in-the-usa","title":{"rendered":"London mortgage for Non-UK citizen living in the USA"},"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 style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Client: US National &amp; Resident<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Property type: Residential Home<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Property value: \u00a31.8 million<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Loan Amount: \u00a31.4 million<\/span><\/li>\n<li style=\"text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">LTV: 77%<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">US citizens may face additional challenges when looking for mortgage finance on UK property. Accessing an Expat lender who will take a flexible approach to your mortgage situation will be the best option.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">S<span style=\"font-style: normal;\">uppose you\u2019re currently searching for property finance although living overseas. In that case, our page, <\/span><span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-style: normal; font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/uk-mortgages-for-us-citizens\" target=\"_blank\" rel=\"noopener\">UK Mortgages For US Citizens, <\/a><\/span><span style=\"font-style: normal;\"><span style=\"text-decoration: none;\">could be a worthwhile read \u2013 To find out more about<\/span> how we do it, explore our <\/span><span style=\"color: #45818e;\"><a style=\"text-decoration: underline; font-style: normal; font-weight: normal; color: #45818e;\" href=\"\/overseas-mortgages\">Overseas Mortgages page<\/a><span style=\"font-style: normal; font-weight: normal;\">.<\/span><\/span><\/span><\/p>\n<p>&nbsp;<\/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;\">Our client was a US National living in Miami and has a profitable mixed property portfolio in the US. They were looking to purchase a residential property, as their long-term plan was to settle down in the UK to raise their family.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">At the time of the application, they were <a style=\"font-weight: normal; text-decoration: underline;\" href=\"https:\/\/backup.articusfinance.com\/us\/self-employed-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #45818e;\">self-employed <\/span><\/a><span style=\"color: #45818e;\"><span style=\"text-decoration: underline;\">workers<\/span> <span style=\"color: #000000;\">on<\/span><\/span>\u00a0a day rate and had only had a contract for one year. They were looking to buy off-plan a \u00a31.8 million riverside apartment on the Thames to use as a home base when moving to London, in the near future. Our client required an interest-only mortgage of over \u00a31 million to secure the property. While refinancing this asset, they also hoped for 3 year fixed with our advice due to imminent rising interest rates.<\/span><\/p>\n<p style=\"font-size: 13px;\"><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;\">As with sourcing any <span style=\"color: #45818e;\"><a style=\"font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/expat-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">Expat mortgage<\/span><\/a><\/span>, particularly when it involves a self-employed applicant outside of the UK, we have several hurdles to clear.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Articus Finance works closely with a <span style=\"color: #45818e;\"><a style=\"font-weight: normal; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/private-bank-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">private bank<\/span><\/a><\/span> with a proven track record of working with foreign nationals. We negotiated a high loan-to-value mortgage, as well as competitive rates. The bank became comfortable with all the previously mentioned difficulties, even though it was a non-traditional mortgage criteria.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The final terms agreed upon was a 3-year fixed term mortgage on an interest-only basis, which aligned perfectly with the client\u2019s plans.<\/span><\/p>\n<p style=\"text-align: justify; font-size: 13px;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">If you are researching for a UK mortgage in unusual circumstances, <a href=\"https:\/\/backup.articusfinance.com\/us\/contact#contact-form\" rel=\"noopener\"><span style=\"text-decoration: underline; font-weight: normal; color: #45818e;\">Articus<\/span> <\/a>is the specialist for you!\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":13712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-13711","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-dids-5556585-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/13711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/comments?post=13711"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/13711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/media\/13712"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/media?parent=13711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/categories?post=13711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/tags?post=13711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}