The Client:
The client was a semi-retired gentleman who had a portfolio of Buy to Let properties. His income mainly derived from this portfolio.
Scenario:
The client had the opportunity to purchase another portfolio of properties and needed to refinance his current properties quicky to secure funding for the deal.
We looked at the option of remortgage but with multiple costs and valuations needed, this did not fit the clients budget or timescales.
We then looked at the option of using second charge lending which was made more difficult due to many of the current mortgages being with now defunct organisations who would be unlikely to allow a second charge on their asset.
Discover our Buy to Let Mortgage Broker services.
The Solution:
Using our specialist panel of suppliers, we aware able to secure funding for the client at a competitive rate with one lender who took a charge across all the properties in the client’s portfolio. This resulted in fewer charges for the client and a much quicker transaction, meaning the client was able to secure the new properties he had his heart set on.
Summary:
When a client needs to move forward quickly, this does not always means higher fees and rates. As a whole of market broker we can make sure we are recommending the right lender for our clients individual situations, also making sure they are given the best customer service possible to secure the deals in a timely manner.
Contact us today to speak with one of our CeMAP certified Mortgage Advisors. Call us today on 03330 166 600. Alternatively, please complete this short online form and one of our Advisors will call you right back.