Client circumstances:
Our client, a self-employed business owner with a substantial portfolio was seeking financing for a unique portfolio of four residential buy-to-let free-hold units. The properties were recently converted from a former Victorian factory complex, and they needed a lender who could work swiftly and efficiently with a willingness to help to treat a slightly more complex case with ease.
MT Finance solution:
Recognising the unique nature of the case, our buy-to-let team got to work immediately to address the client’s complex requirements. The client had initially submitted the first case to see how we would handle it and once we did, they chose to put the other three cases with us. We simultaneously processed the remaining applications and eventually approved four separate buy-to-let mortgages for individual freehold units while maintaining an efficient timeline from application to funds release.
Overall, we granted loans totalling £1,067,315 at 76.51% LTV for all applications set at a 30-year term.
The benefits:
Our ability to approach cases with flexibility ensured we maintained minimal friction with the client and the broker throughout the lending process. In doing so, we were able to help the client refinance their expensive development loan in a streamlined and coordinated process.
Find out more:
If you would like to find out more about our buy-to-let mortgages, then we’d love to hear from you. Simply fill out our online form and we’ll be in touch with you soon.