Nine residential units on one freehold, so talk to Kent Reliance

Picture this...

A very experienced landlord customer with a portfolio of over 100 properties is looking at a new purchase.

The property comprises nine residential units on one freehold title. It's also a mixture of seven flats and two houses.

It's being bought via a limited company at an LTV of 79%, with an estimated value of £1,500,000 and a rental projection of £8,750pm.

Being such a large loan with a high LTV, and the property comprising nine mixed units, this case would usually sit outside the scope of many lenders' criteria.

However, Kent Reliance for Intermediaries is able to look beyond the surface facts of the case, and will research deeper into the background of the customer and the property before coming to a conclusion.

In this particular situation, strong communication and collaboration both internally between the BDM, underwriting and completions, and externally with the broker and the solicitor, makes all the difference.

Ultimately, the customer's experience and history, as well as the predicted ROI of the property, means on this occasion, this case can progress to completion, to the broker and customer's satisfaction.

Having a conversation with Kent Reliance at the very beginning of the case could mean a "yes" for your customer.

So, talk to them

Get in touch with your business development manager, call their broker liaison team on 01634 838980 or use Live Chat to get the conversation started.