Buy to Let Refinance without Stress Criteria

Area: East Ham, Newham

Capital Raised: £918,750


The Scenario


The client needed to capital raise for business purposes against a block of four flats. The applicant did not have the requisite documentation for a normal buy to let and this was a challenge. We had to find a lender who would base their decision solely on the security of the property and rental income at a competitive rate.


The Solution


The lender we work with overrode the requirements for tax returns and did not apply the normal stress rate. They granted the loan based on their pay rate and 100% ICR.

The lending was secured at a good market rate for 5 years at 75% Loan to Value on a deal most lenders would have said no.