Case Study –Buy-to-Let Remortgage | Decline Overturned

Property Value £250,000
Loan Amount £149,000
Location Sittingbourne
LTV 59%
Achieved Rate 5.29%
Completed January 2023
Adviser Courtney Flockhart

The Client

Our client, a portfolio landlord sought to transition to a new rate, as the existing one was nearing its expiration. Without acquiring a new rate, the client would have been subjected to the lenders Standard Variable Rate (SVR), which would have been a substantial increase from 2.79% to 8.29%.