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The client, who had just returned from the US, was looking to purchase a beautiful large English farmhouse in the North of England valued at £1.1m, comprising of a main residence with two holiday lets, all on one title. However, most lenders would not consider a property of this nature due to the following complexities:
The final complexities were regarding their foreign US income and lack of time spent back in the UK with a minimal UK credit footprint – these in isolation would rule out c.80% of the lenders we work with.
With several complexities involved, our broker had to utilise their vast knowledge of the market and expertise to identify a lender they knew who would accept this complex proposition.
With access to every lender on the market and vast experience negotiating property finance of every kind, Private Finance’s expert brokers are equipped to find solutions to mortgage-related problems, even in situations such as this where there are multiple complexities.
Our expert consultant was able to find a lender who would accept this complex proposition and was able to secure a highly competitive mortgage offer of 5.29% on a 2-year fixed rate term at 90% LTV.