Securing £500,000 for South American portfolio landlords

Securing £500,000 for South American portfolio landlords

Article by Owen McGill Mortgage Adviser

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.

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Excellent and outstanding professional service from start to finish. From offering as many options as possible, to explaining to me very quickly what the benefits are and what I should really be thinking about moving forward. Thoroughly recommend.

Mr. M

July 2021

5 Stars! The LDN team supported us purchasing our family home, without their support and as an expat it would have been very difficult to obtain our new home in the UK. I would totally recommended them.

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August 2021

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July 2021

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