We were approached by a desperate client, looking to remortgage a North London property that had been owned by his family for decades. For many years he had a facility with a high street bank secured across his entire property portfolio, but the lender decided they wanted their money back.
After just two months, he was badly let down by a well-known buy-to-let mortgage lender because of his age (72), so he asked for our help. He had obtained mortgage offers on four of his properties but his last remaining freehold property, split into five self-contained flats, was proving to be impossible to refinance through standard mortgage lenders.
We quickly obtained a conditional offer from one of our specialist mortgage lenders and was able to complete the transaction with a week to spare within the deadline.
Our client was not only able to retain his property portfolio but also raised extra funds to complete much needed refurbishment work to several of his properties.
We were set the task of completing a remortgage for £2.15 million on a central London property in just 12 working days. Funds were required to repay a short term refurbishment bridging loan used to purchase the property five month's previously. We set about this incredibly difficult task within hours of being contacted, by firstly meeting with the client.
We obtained all of the necessary paperwork and signed the appropriate forms. We used our extensive contacts within the lender to ensure the property was valued immediately and the survey report was produced within 24 hours. We then liaised with the solicitors to ensure any issues were quickly resolved.
Our actions helped to save our clients a significant amount of money. The bridging lender was looking to charge a £21,000 penalty if their advance was not repaid on the due date.
We ensured, through sheer hard work, dedication and professionalism that the funds were received by the bridging lender with 24 hours to spare.
We were approached by two professional buy-to-let investors, looking to raise funds on five flats to use as a deposit to purchase a HMO investment property at auction. We initially looked at remortgaging the five flats, but this meant losing the excellent interest rates of less than 2.3% a year on each property. We then looked at second charge secured buy-to-let loans on each property, offering £250,000 across the five properties using more than one lender. This worked out much cheaper than remortgaging and our clients were delighted with the flexibility this provided. They were even more delighted that funds were available to draw down within just ten days of applying, with very low set up costs and low interest rates. They were subsequently successful with their bid at auction and one of the partners had this to say about our service...
"I have been a professional property investor for more than 20 years and I have never found a company as professional and knowledgeable. I cannot recommend them enough."