Case Studies

2009 has been a year where lenders have been out of the market, unsure of their positioning or just short of money. The result has been that credit has been difficult to access and the terms and conditions have been significantly different from the headline days of 2007; those lenders with readily available funds have tightened policy and taken advantage of their stronger position to increase margin and fees.

It is all the more important to be confident that your transaction can be funded to the right level and in the timescale that you need. We are purposefully displaying recent cases so that you can see what terms are today rather than time past and you will note the month in which each transaction was sanctioned by the lender.

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• Recoup funds spent building an extra storey on block of flats (July 2011)

  25/07/2011

  Recoup funds spent to building 7 new flats on new top floor of existing freehold block of freehold flats owned outright. Read More...

• Professional couple purchase first home together (August 2011)

  09/09/2011

  A couple of recently married solicitors were looking to purchase their first home together. Between them they had managed to save a considerable deposit of £210,000 and were able to afford a detached four-bedroomed home in London.

• Trading limited company looking to purchase at BTL property (October 2011)

  10/10/2011

  The client is looking to invest in a property in the name of her limited company which has generated a surplus of funds. Most mainstream buy to let lenders prefer that limited companies are special purposes vehicles for residential property purchases only. We found her a lender that would help.

• Company director looking to buy home using business net profit as measure of affordability (estimated November 2011)

  10/10/2011

  The client is sole owner of a Limited Company which made a net profit of £150,000. The owner takes a nominal salary of £6,000 pa plus £50,000 in dividends. Most lenders do not accept net profit figures as a measure of affordability and even though the client had approached several lenders she had only been offered a maximum loan of £250,000. We were able to find a lender that would lend against net profit and we able to secure a mortgage of £750,000.