STRUGGLING TO PLACE ODD MORTGAGE CASES? See some of the cases Kent Reliance for Intermediaries have recently placed: London: Large loan, greater than £3m We helped a high-net worth individual get a large mortgage loan on a detached buy to let property worth over £10m. They needed £6m at 65% LTV to refinance existing mortgages at a better rate. They also needed to swap from a residential to a buy to let property. After some negotiation and a thorough examination of the circumstances, we worked closely together and accepted the application.
“We’re able to support those with large portfolios” Manchester: Small buy to let loan needed for sole applicant A sole applicant came to us looking for a loan of just over £55,000 at 75% LTV. The applicant had a steady income and was the director of a successful company. They also had no defaults, CCJs or arrears. The minimum loan size in our buy to let criteria is from £50k, so with all the factors taken into consideration, we were happy to help the applicant.
Surrey: Portfolio of over 10 properties We helped a full-time landlord from Surrey with a 13-property portfolio, valued at over £4m. Half of their properties were already mortgaged with us and they needed a loan of over £430,000. We’re able to support those with large portfolios – but due to its size, this case was sent to our internal credit committee for approval. A face-to-face meeting was then arranged, and after this, we accepted the application. Liverpool: HMO case requiring specialist attention An existing customer with a buy to let portfolio needed a loan for over £110,000. The property was in good condition with a high debt service coverage ratio. As we can accommodate HMO cases with up to 85% LTV, and because we knew about the client and their background, we were able to approve the loan.
For help with complex buy to let cases call us on 01634 888260 This material is for professional intermediaries only 8580_KRFI_MortgageIntroducer_Wrap_270x205mm_AW.indd 3
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