Refinancing for Renovation Works
We were able to source a lender who was comfortable lending, based on the rationale we provided as to why the clients were able to run multiple jobs.
Read More
We were able to source a lender who was comfortable lending, based on the rationale we provided as to why the clients were able to run multiple jobs.
Read More
Using our knowledge and well-established relationships with lenders specialising in the niche – we were able to secure our client a solution tailored to meet their needs.
Our client needed to remortgage, as his current mortgage rate was coming to an end. Despite an initial down valuation, we were able to secure our client a solution for the borrowing amount required.
We were able to discuss the case with a senior underwriter, who had the autonomy to make a policy exception based on our proposition and supporting documentation, that provided our client with access to lending at the level required.
Our client was in the process of separating and, as part of the divorce settlement, was obligated to redeem his ex-wife’s mortgage on her £12m property. Simultaneously, he sought to remortgage his own property and wanted to consolidate both borrowings into a single facility.
Despite complexities with the denomination of our client's income, we were able to source a lender, willing to lend at the required amount.
We were able to secure lending, at a market-leading rate, for our client based on the renovated value of the property.
We were able to save our client circa £1,675 per month on his mortgage. When spread across a 10-year fixed term, this was a considerable saving for our client of over £200,000.
This case exemplifies how large portfolio remortgages can and should serve broader strategic objectives. When structured intelligently, finance becomes a tool for leverage, not a limitation.