| Property | Three-bedroom ex-local authority house of poured-concrete construction |
|---|---|
| Location | Southmead, Bristol |
| Client | Self-employed IT contractor buying a second rental property |
| Product | Buy-to-let mortgages |
The challenge
The house was built using a poured-concrete method that many mainstream lenders will not accept. The client had already had one application declined after valuation.
What we did
We confirmed the construction type with the agent and the original survey before choosing a lender. We approached lenders that accept this type of non-standard construction, some subject to a structural engineer's report. The report was arranged early to avoid delays. The client's contract income was assessed on a day-rate basis.
The outcome
The purchase completed at 70% LTV with a lender comfortable with the construction type.
Buy-to-let mortgagesMortgages for landlords buying or remortgaging rental property, in personal names, across the UK.
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.