Our client’s fixed rate buy-to-let mortgage was ending, and he needed to refinance. However, the property’s B2 EWS1 rating and required remedial works meant lender options were very limited. As a higher-rate taxpayer, his affordability assessment was also restricted.
After researching the whole market, we found a lender willing to proceed based on the valuer’s comments.
We secured a two-year fixed rate with a low product fee, enabling the client to increase the property’s monthly rental.
The client was delighted with the outcome.