Securing £500,000 for South American portfolio landlords
What was the situation?
My clients, who are portfolio landlords, came to me looking to source a mortgage having already exchanged contracts on a Buy to Let (BTL) purchase with a completion deadline a month later.
What was the issue?
The property was a 4-bed house meaning most lenders would treat it as an house of multiple occupancy (HMO). The agreed price was £710,000 and the clients were looking to borrow just under £500,000.
Despite being experienced portfolio landlords, the clients were south American which may cause some increased risk with lenders due to them being foreign nationals. However, they lived in the UK which worked in their favour.
Additionally, the deposit for the purchase was being gifted to the clients from overseas which some lenders aren’t comfortable with.
What was the process?
Using my lender relationships, I was able to present the client’s case direct to a credit committee for approval, providing them with evidence that the clients were already successful portfolio landlords.
What was the solution?
The application went in and the case offered 5 days later! The clients were able to successfully complete just before their completion deadline. They were over the moon!
At LDN Finance we’re here to help you find a solution – no matter how complex your circumstances. Our expert brokers have extensive experience in providing creative solutions to secure large loans for our clients.
We work closely with our trusted network of private banks and both high street and specialist lenders to arrange bespoke mortgage arrangements to suit your circumstances at competitive, market-leading rates.
Get in touch with us to organise an initial consultation.
Need expert mortgage advice?
We can help.
Get in touch with our expert residential mortgage advisers today to get started on your property finance journey. Whether you’re buying your first home, upsizing for more space or refinancing your property portfolio, our award-winning mortgage brokers have got you covered.
Testimonials
Our happy clients
As a returning customer, I would like to express my sincere thanks to the team for their outstanding support during the completion of my property purchase. In particular, Catherine and Darren have been incredibly helpful throughout the process. Their communication, professionalism, and customer service have been absolutely excellent, making the entire experience smooth and reassuring. Many thanks again for all your hard work.
My fiancée and I were recommended to LDN Finance when we started our mortgage journey, and the service we have received, and continue to receive, has been outstanding throughout. Phil Levesley initially looked after us and made what can be a very daunting process feel straightforward and easy to understand. He took the time to explain everything clearly, never rushed us, and was always happy to answer any questions we had. Nothing ever felt like too much trouble. As part of the process, we also wanted to explore a number of protection policies, and Phil introduced us to his colleague,
Owen was absolutely amazing and supported me every step of the way throughout the mortgage process. He was always clear, patient, and incredibly reassuring, making what could have been a stressful experience feel smooth and manageable. Bharathy was also really helpful, promptly getting in touch and making sure all the relevant information was handled efficiently. I couldn’t be happier with the service and would highly recommend them both. Five stars without hesitation.
Related Case Studies