Client: An experienced British landlord residing overseas looking to refinance in order to widen their property portfolio.
Requirement: Our client wished to refinance one of their current HMO properties in order to provide funds for further investment. After a massive down-valuation of over half a million pounds put a spanner in the works, Coreco Commercial were able to negotiate a re-valuation in order to meet the client’s requirements. After much “toing & froing”, the lender we had approached was able to take a pragmatic view of the situation and focus on the best outcome for both mortgager and client.
Facility: Armed with the correct valuation; we were able to secure our client a very competitive interest rate at 75% LTV on the HMO, thus allowing the client to fulfil their wishes. Without the strong relationship built between the broker & lender the case could have quickly ended in disappointment. Coreco Commercial worked above & beyond the normal call of duty once again, ensuring our client received the very best of outcomes.
Broker: Guy Nyirenda