BTL purchase – First-time Landlord

The Client

The client was looking to invest some capital into a property. Despite the recent rate rises this was an attractively priced property and one that the client believed could have the potential for capital growth. As a first-time landlord the applicant wanted whole of market advice to make sure that they had the best mortgage product available. As well as that we were able to guide and advise on the property buying process more generally.

Scenario

The client had an offer accepted and was ready to proceed with a mortgage when they contacted us. We would now have to act fast to secure the best deal for the client, finding a lender who was happy to take first time landlords with no experience in the industry.

The Solution

Given their offer had already been accepted we were able to act with speed. After an initial appointment we were able to submit a mortgage application the very next day after receiving documents overnight via email. The chosen lender was happy to move forward with the clients being first time landlords and they worked at speed for our client in this challenging time to secure the best rate available.

Discover our Buy to Let Mortgage Broker services.

Summary

The property market can be fast paced and many Estate Agents require sight of a mortgage agreement in principle before they will mark a property as under offer and cease viewings.  All the while this is happening there is a risk that a rival offer will be submitted and you could lose out. Therefore, dealing with a Mortgage Advisor who can act quickly is crucial.

To know more and speak to one of our CeMAP certified Buy To Let Mortgage Experts, you can fill in this short online form to get started. Our team of Mortgage Experts will get back to you straight away.