{"id":14117,"date":"2021-08-23T08:38:13","date_gmt":"2021-08-23T00:38:13","guid":{"rendered":"https:\/\/www.dev.articusfinance.com\/uncategorized-us\/private-bank-mortgage-for-uk-entrepreneur"},"modified":"2023-09-17T13:48:13","modified_gmt":"2023-09-17T05:48:13","slug":"private-bank-mortgage-for-uk-entrepreneur","status":"publish","type":"post","link":"https:\/\/backup.articusfinance.com\/us\/case-studies\/private-bank-mortgage-for-uk-entrepreneur","title":{"rendered":"Private Bank Mortgage for UK Entrepreneur"},"content":{"rendered":"<p style=\"font-size: 15px;\"><span style=\"font-family: Verdana, Geneva, sans-serif; color: #134f5c;\"><strong>The case in brief<\/strong><\/span><\/p>\n<p><!--more--><\/p>\n<ul style=\"font-size: 13px;\">\n<li>Client: UK\u00a0national and resident<\/li>\n<li>Property type:\u00a0 Upsize Residential refinance<\/li>\n<li>Property value: \u00a33 million<\/li>\n<li>Loan Amount: \u00a32.7 million<\/li>\n<li>LTV: 90% + AUM requiment<\/li>\n<\/ul>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">An entrepreneur\u2019s personal income can be sporadic, and the profit accrued is often invested back into their ventures. This is, of course, ideal for the trajectory of the business but not so ideal in the eyes of a mortgage lender when assessing affordability\/loan-to-value restriction on personal income. This was the case for our client, who was looking to fund the purchase of a new property with a limited deposit. With our proven expertise, we secured a <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/private-bank-mortgages\" target=\"_blank\" rel=\"noopener\">Private Bank Mortgage<\/a><\/span> for our client.<\/span><\/p>\n<p style=\"font-weight: bold; font-size: 15px; text-align: justify;\"><span style=\"color: #134f5c; font-family: Verdana, Geneva, sans-serif;\">The client<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Our client is a UK-based UK national with a successful entrepreneurial background, having founded a tech company just over 5 years ago. The client was looking to upsize to a \u00a33,000,000 property, but with infrequent personal income and reinvestment of the company&#8217;s profits, our client had only accumulated a relatively small deposit.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">The advantage that our client had was the fact that their business accounts were very strong and indicated a solid trajectory for the business. This would help the client to bolster their individual profile and to indicate their ability to repay any <a href=\"https:\/\/backup.articusfinance.com\/us\/high-loan-to-value-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">high loan-to-value mortgage<\/span><\/a>.<\/span><\/p>\n<h2 style=\"color: #134f5c; font-size: 15px; font-family: Verdana, Geneva, sans-serif;\"><strong>Our solution<\/strong><\/h2>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">As the client only had a small deposit available, Articus needed to create a strong case based around the customer profile and the future trajectory of the business. This in turn would help to formulate a bespoke solution in partnership with a private bank.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">We worked closely with a private bank that specialise in <a href=\"https:\/\/backup.articusfinance.com\/us\/self-employed-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">self-employed mortgages<\/span><\/a>. They were happy to accept the situation of our client and were comfortable in offering a competitive mortgage deal. We negotiated a 90% loan to value mortgage which would reduce to 75% within five years. We also managed to acquire highly preferable mortgage rates for our client of below 3.5%.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Traditionally private bank mortgages require Assets Under Management (AUM) to be accessed. However, at Articus we have relationships with several private banks who do not require AUM. For our client we secured the \u00a33 million mortgage without Assets Under Management, ensuring that the small deposit backed by strong financials was sufficient.<\/span><\/p>\n<p style=\"font-size: 13px; text-align: justify;\"><span style=\"font-family: Verdana, Geneva, sans-serif;\">Entrepreneurs can find difficulty in securing a high-value mortgage as their income is often tied up in further investment into their business. As a leading mortgage broker for <a href=\"https:\/\/backup.articusfinance.com\/us\/high-net-worth-mortgages\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline; color: #45818e;\">high-net-worth individuals<\/span><\/a>, we work closely with private lenders to negotiate competitive <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/self-employed-mortgages\" target=\"_blank\" rel=\"noopener\">self-employed mortgages<\/a><\/span>. Read more about our services, or <span style=\"color: #45818e;\"><a style=\"text-decoration: underline; color: #45818e;\" href=\"https:\/\/backup.articusfinance.com\/us\/contact#contact-form\" target=\"_blank\" rel=\"noopener\">speak to a broker<\/a><\/span> today.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The case in brief<\/p>\n","protected":false},"author":1,"featured_media":14118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[61],"tags":[],"class_list":["post-14117","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\/mortgage house with lush vines.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/14117","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=14117"}],"version-history":[{"count":1,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/14117\/revisions"}],"predecessor-version":[{"id":21484,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/posts\/14117\/revisions\/21484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/media\/14118"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/media?parent=14117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/categories?post=14117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/us\/wp-json\/wp\/v2\/tags?post=14117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}