Case Study
his client, a portfolio landlord, needed to refinance 11 properties but faced difficulties due to missed mortgage payments caused by a recent hospital stay. Stuck on high variable rates and unable to secure a product transfer because of his impaired credit, the client was paying £13,764 per month.
We worked with a lender who agreed to a policy exception, offering a 5-year fixed rate at 4.69% with a 3% fee. This reduced the clients’ monthly payments to £8,928, saving them £4,836 per month and restoring profitability to his portfolio.
The introducing broker received £8,972.90 for a name and number referral.
Subject to status. Product and criteria availability is subject to change or withdrawal at any time. For intermediaries only.
