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As one of our brokers you can source client solutions across multiple sectors, submit and track their cases 24/7.
Need to register? Click here to start using our sourcing and case management system
Call us:01277 561 116
The client had purchased five terraced properties adjacent to each other, using bridging finance and had completed extensive works to improve the properties for the rental market. The client was looking to remortgage three of the properties to repay the bridging finance, whilst raising additional capital for the next development project
The properties were purchased in the client’s personal name and, as a higher rate taxpayer, this was having an effect on the rental stress used by lenders when calculating the maximum borrowing available. In addition, the client needed a lender that would consider lending to a portfolio landlord on three adjacent properties.
Working with our lender panel we were able to achieve a 5 year-fixed rate at 3.34% which allowed borrowing to 65% of the current market value and the applications completed within six weeks.
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