A 75 landlord was looking to refinance a portfolio valued at £800,000 he owned in Derby. The age of the applicant meant his current high-street lender rejected his application and wanted the mortgage repaid. He had to put the properties on the market in order to sell them even though he wanted it to be a legacy for his relatives.
We arranged a new loan to from a lender his existing broker did not have access to by suggesting he introduced a younger relative who was going to inherit the properties.
“Thank you for saving our houses. We’ve had them 30 years and didn’t want to sell them”