Unsuitable Property

An existing client was an active buy-to-let investor, but had identified a property with a great deal of potential, overlooking the fact that it did not have a usable kitchen or bathroom.

Funding Requirement: the client wanted a mortgage that would allow them to purchase the property, to put in a new kitchen and bathroom and keep the property as a long-term investment.

Facility Provided: we organised a facility that covered 70% of the purchase price for three months to allow the work to be completed and then the facility was switched to a long-term product at lower interest rates with the same lender to ensure that the client did not have to pay any additional fees.