An experienced investor’s diverse portfolio throws up potential delays

Loan Amount:
£169,000

Property Value:
£225,000

LTV:
75%

Working with experienced property investors can help move a case along. But, an expansive portfolio can also complicate things. Especially where investment strategies involve intermixing of assets.

A borrower, owning several buy-to-let investments, turned to us to support their refinancing strategy which involved a lot of moving parts.

To make sure everything was accounted for, our underwriter got to work. We examined their portfolio and wider financial assets to ensure the deal was as secure as possible.

Putting multiple puzzle pieces together to form a clear picture

The borrower planned to refinance a residential property, with the long-term goal of moving onto a buy-to-let product. At first glance, this seemed like a simple plan. But when we investigated the details, complications arose.

While they wanted to refinance an existing debt, they planned to raise capital for an unconnected asset. What’s more, residual funds were earmarked for some light refurbishment work. With so many elements involved, we had to make sure there was no room for error.

We took a step back and assessed the borrower’s wider plans. It became clear that our proposed loan terms would provide plenty of time and breathing space to move onto a long-term solution. Also, we remained in constant communication with the broker involved, who confirmed the borrower had many options available to them.

With the asset being a good security, along with the fact that the borrower had plenty of experience, we were happy to support their ongoing investment plans with a tailored financial solution.

There’s little appetite for complexity on the high street

Borrowers with complicated background have faced difficulty in recent months. Mainstream lenders pulled deals from the shelves in the 2^nd half of 2022 and for the options that remained, criteria was tightened. High street banks seemed to only want to deal with the most straightforward of cases.

Fortunately, we’re there to support borrowers who may struggle to get very far with the mainstream options. All our specialist products are bespoke – they adapt to the complexities of the wider market. What’s more, we have loans specifically catered for the most complex of cases.

This could include those with tricky corporate setups, overseas income, or large debts spread across multiple assets. We work with the understanding that the real word is complicated. We’ll take that into account when assessing your claim.