After struggling to place this case, a broker recently referred a first-time buyer, first-time landlord looking to purchase a new build buy-to-let. With a low income of £18k and the property being part of a 70% investor-led development, traditional lenders were reluctant to offer terms.
At Brightstar, we thrive on finding solutions for challenging cases. Specialist Mortgage Consultant Stacey Forrester secured a £129,967 mortgage at 65% LTV with a competitive rate of 5.89%. The deal progressed smoothly, moving from application to completion in under two months. The introducing broker received £550 for a simple name and number referral.
