Limited company buy-to-let mortgage for landlord purchasing flat in a block where he already owns a property

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What was the situation?

Our client contacted Trinity Financial in search of a specialist broker providing expert buy-to-let mortgage advice.

He had found a flat to buy but already owned a property in the same building. He had a long-term goal of buying up the individual flats so that he could own the whole building one day.

The flat was worth £459,000, and the client wanted a mortgage of £294,000.

What was the issue?

The client had previously used mortgage brokers on other transactions, but when they approached their most recent broker, they didn’t know the best way to structure the purchase.

Trinity Financial has years of experience with this type of enquiry and knows exactly what lenders are best approach. We knew we’d be able to help!

What was the process?

After understanding their requirements, our broker was able to present a buy-to-let mortgage product for both personal and limited company/special purpose vehicle (SPV) options within a short period. 

By knowing which lenders to approach for product comprehensiveness and client circumstances, we were able to move quickly during the problematic period when the rental coverage stress test was making buy-to-let acquisitions even more challenging. The lender we placed the case with allowed us to use the client surplus income to top slice, ensuring we got the maximum loan required.

We liaised with the lender swiftly to provide the required documentation, ensuring the mortgage offer was issued as quickly as possible. It took nine working days between submission and the formal mortgage offer being issued.

What was the solution?

The end result was that we secured the client with the full £294,000 of lending they needed to achieve their goal.

A loan of £294,000 was achieved, equating to 63% loan-to-value at a competitive rate of around 6.20% fixed for five years. This fixed period meant the clients had a very cost-effective way of financing the property for the foreseeable future.

Lending solutions with Trinity Financial

Are you looking to purchase or refinance a buy-to-let property and need some advice? We’re here to help you find a solution – no matter how complex your circumstances. At Trinity Financial, our expert brokers have extensive experience providing creative solutions to secure mortgages for our clients.

We work closely with our trusted network of private banks and high street and specialist lenders to arrange bespoke mortgages to suit your circumstances at competitive and market-leading rates. 

Call Trinity Financial on 020 7016 0790 to secure a mortgage or book a consultation 

The information contained within was correct at the time of publication but is subject to change.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage  

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