Case study: 4 simultaneous Buy-to-Let remortgages for a first-time customer
Written by Luke Stevenson
Location: Pontypridd
Request: A first-time broker wanted to remortgage four of his client’s Buy-to-Let properties at once.
Loan total: £391,000
LTV: 75%
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A broker who had never previously worked with LendInvest approached us to remortgage their client’s properties, which were all with the same lender.
Despite valuation getting held up due to Covid, they continued the deal with us due to the rates, £500 legal fee cashback offer, £150 valuation fees and no application fees.
All four properties were based in the Pontypridd area but in different postcodes so did not exceed our postcode limits and we were happy to lend to an experienced landlord with a good portfolio and portfolio LTV.
Once valuers were able to visit the properties we were able to process the cases in parallel with one another, helping the landlord get all of the properties remortgaged at the same time.
This piece is part of our series focusing on the opportunities for property investors in South Wales, the South West and the Midlands. If you are looking to start your next property project in the region you can speak to our expert BDM, Nigel Robbins. You can connect with Nigel on LinkedIn, email him at [email protected] or call him on: +44 (0)77 7108 7904
If you’re looking to support your clients on their next Buy-to-Let mortgage, see our latest offers and rates on our Buy-to-Let page.