Refinance of Buy To Let – total loan £292k
The situation: An introducer of Commercial Expert Ltd contacted us in regards to a Client who had to refinance an investment property. The client’s current lender was putting him under pressure to leave as his current deal with them was coming to an end. The client was a professional landlord (over £10m in property) but was a foreign national residing outside the UK.
The solution: We approached a Tier 2 Specialist Property Lender, this loan was outside their parameters, but due to the clients net worth / clients property experience and low loan to value (55%), the lenders managing director approved the case as an exception. After a satisfactory valuation, the loan was offered in a timely manner.