£26,000 Buy-to-Let Mortgage Completes Auction Purchase in 15 Working Days

A portfolio landlord approached us looking to secure funding to purchase a new investment property at auction through their limited company. With an extensive portfolio of 80 properties already in place, the client required a fast and efficient solution to complete within the auction deadline and add another property to their buy to let portfolio. The client required a £26,000 buy to let mortgage and needed completion within 28 days. As the property was being purchased at auction, speed was critical to ensure the transaction could proceed without delays. The property had already been refurbished, with a tenant lined up, and the client’s planned exit strategy was to refinance onto a longer-term buy to let mortgage. The case was handed to our team on 5th June and, following an automated valuation model (AVM), we were able to progress the application quickly and find a lender willing to lend up to 66.6% LTV. Throughout the process, we maintained regular communication with the client, lender and solicitor to keep the application progressing smoothly and on track.

Through proactive case management and close communication between all parties, we successfully completed the case within the required timeframe. The application was instructed on 16th June, the release of title (ROT) was received on 22nd June, and the loan funded on 25th June. This is just 15 working days after we received the initial enquiry. Despite some delays during the final stages of the application, we continued to manage the process closely and ensured the client met their auction deadline. The loan completed within the required timeframe, allowing the client to proceed with their investment plans. Thanks to our access to exclusive rates, we secured a competitive 7.99% rate for the client. By providing a fast, structured solution, we allowed the client to acquire the property through their limited company and continue expanding their buy to let portfolio.