Refinance Large Buy To Let Property In Holland Park - Clifton Private Finance

Refinance - Large existing buy to let property

Area
Holland Park, London
Capital Raised
£1M

The Scenario:

This was a project involving the re-mortgage of a large buy to let property in Holland Park, London valued at £6.5m.

The client wished to capital raise in order to purchase an additional buy to let, but the Holland Park property was his sole investment property that had only been rented out since February 2014.

The relative inexperience of the client was an initial concern for the selected lender but there was an Assured Shorthold Tenancy in place for a 3-year term at £15,000pm (£180k per annum), which gave confidence to the lender comfort to proceed to the next stage.

Our Solution:

Although sitting slightly outside the specialist lender's criteria, the enquiry was quickly passed to their designated Specialist Lending Manager.

There was urgency surrounding this case due to a contract being in place for completion by the 30th of April, and the team reacted accordingly to hit this tight deadline.

The product provided based on the client's requirements was a five year interest only mortgage deal at 4.20% over LIBOR on a loan amount of over £ 1 million

The case was submitted on the 3rd of April. The loan amount was changed to a lower figure at the last minute but this was swiftly dealt with and the offer was issued 24 hours earlier than anticipated on the 23rd of April. The case was completed just 5 working days later, hitting the required deadline much to the delight of the client.

This case is a good example of the broker and specialist lender working together under a strict timescale to deliver a client's finance requirement.

Are you in a similar position? To investigate your finance options call our team on 0117 959 5094 or fill in our call back form.

 

Alex Morris

Private Client Adviser

Bristol

0117 332 5061

Do you need help sourcing your own property finance?

I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you 

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Scott Dutfield

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

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Carly Cheeseman

Head of International

Bristol

0117 457 9922

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I have extensive experience securing UK mortgages for clients. Book a free telephone consultation with me at a time to suit you.

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Nick Kerley

Finance Broker

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Louis Levine

Finance Executive CeMAP

Bristol

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Clifton Private Finance

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Sam Baker

Finance Broker

Cardiff

0117 959 5094

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you 

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Fergus Allen

Senior Finance Broker

Cardiff

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.

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Jacob Phipps

Finance Broker

Bristol

(+44) 0117 959 5094

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I specialize in helping international clients source residential and investment property finance for UK property. Book a free telephone consultation with me at a time to suit you 

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Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

0117 959 5094

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Alex Chambers

Senior Private Client Adviser

Bristol

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.

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Luther Yeates

Senior Finance Broker

Bristol

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. Book a free telephone consultation with me at a time to suit you.

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Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

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I am a bridging finance specialist at Clifton Private Finance. I can find a quick, cost-effective solution for the funding you're looking for. Book a free telephone consultation with me at a time to suit you.

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