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Don’t just focus on the interest rate

Would you go back to this restaurant?

-The food is usually late

-Sometimes they bring out the wrong meal

-The waiting staff ignore you

-You wait an hour to be served

-They tell you the wrong ingredients in a meal

-Their service is slow

-The front of house is very pleasant and is always telling you about the quality of the cooking and service. But reality is different, and they get ignored by the chefs.

-They care more about touting for awards than service

-The restaurant owner is aware of all this but doesn’t do much to change this

I presume the answer is no, so why are some BTL mortgage lenders like this?

Thankfully there are plenty that are the opposite so you can still get a great meal.

Next time you’re looking for bridging finance or a BTL mortgage ask about the service, as price isn’t everything.

Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.

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