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Our client, an experienced property investor, needed to raise funds for another property purchase.
Solution:
- Secured a buy to let second charge mortgage across three of the client’s properties to raise the necessary funds.
- Arranged a 5 year fixed-rate loan with no early repayment charge.
- Replicated the same solution for two additional applications from the client.
Key highlights:
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- Updated properties under limited company name: We worked closely with the solicitor to ensure all properties were registered under the client's limited company name.
- Enhanced affordability: We used top slicing, drawing income from three other properties to improve affordability.
- Reduced delays: Used AVMs and desktop valuations to save time and costs.
- Updated expired EPCs: Several properties had expired EPCs, which we ensured were updated on time.
- No solicitor involvement: All applications were completed without solicitor involvement, reducing legal fees.
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Outcome:
We successfully raised the necessary funds, providing the client with the flexibility to expand their property portfolio.
Interested in how we can help your clients? Contact the team:
📞 0800 328 8930
💻 www.tle.co.uk
📱 sales@tle.co.uk
The Loans Engine is a trading name of Central Loans Limited, registered in England 04205508. Registered office: 25-27 Surrey Street, Norwich, Norfolk, NR1 3NX. Postal address: The Loans Engine, 1st Floor, Building 2, Axis, Rhodes Way, Watford, WD24 4YW. Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number 708606.
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