Tight deadline to arrange a mortgage on a million-pound, high LTV rent-to-buy arrangement

Capital Raised

A six-month deadline to complete on a buying-while-renting deal always looks very achievable at the outset. But by the time a borrower has spent a few weeks looking at the lending landscape and starting to get the details of their earnings together, when they approach a broker we might only have two or three months to sort out finance for some fairly tricky circumstances.

The Scenario

Our mid-20s client came to us having put down a £37,500 non-refundable deposit to purchase the property he was renting in Esher.

This was a substantial three-bedroom house with extensive gardens, in an enviable rural position.

But there were a few issues to resolve, which made the four months to his completion deadline begin to look pretty tight.

This was a substantial loan amount for a first-time borrower, with a high LTV (85%).

We had to wait until the end of the calendar year for him to have been earning his £275K salary for a full 12 months.

He was employed by a wholesaling company owned by a close family member - who would be sharing the property with him.

The lender we had identified, who was prepared to consider this loan size, wanted to be assured that the company could afford this salary level. But the company’s trading accounts for the period would not be completed for another three months.  

The Solution

We had to persuade the lender to review the viability of the lending on the basis of the information available at that time.

They were reassured by the company accountant’s view of the projected trading position of the  company, and this million pound mortgage was agreed a fortnight before the deadline.

Mathew Phillips

Finance Broker


0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker


0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Finance Broker


0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange to discuss your situation at any time that's convenient for you.

James Palmer

Senior Associate


0203 900 4322

Are you looking for similar property finance? I specialise in development and commercial finance for Clifton - I can find creative and commercially effective solutions for your project.

Sam ONeill

Senior Finance Broker


0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker


0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director


0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

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