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Investing for over 20 years I have used a lot of mortgage brokers and applied direct through lenders, however, my personal experience has been that if you use a mortgage packager (well they don't like to be called that) like Savills Private Finance, you can reduce the risk of being turned down. This is how:
Savills collect all the relevant information about your borrowing and specifically tailor it towards the lender that they are going to place you with - they will know the lender inside out because they have got a long term relationship with the underwriters. They will then present a package to the lender - including a pre-arranged valuation from a panel approved by all the lenders savills work with, reducing the risk of your property being undervalued by the lender direct and your loan application being rejected.
I would like to introduce you to direct to Savills Private Finance, who were part of my personal "Power Team" and one of the leading UK buy to let mortgage packagers / brokers. When becoming a professional property investor, you need to use professional services. There are many one man bands and investor finance teams out there, but in my opinion, none match the service that Savills Private Finance provides. Savills are different to ordinary mortgage brokers because they are mortgage packagers.
Contact Julia Shikina in confidence on 020 7330 8557
OR - for a no obligation call back on your UK buy to let mortgage complete this simple form:
Who exactly are Savills Private Finance?
They are part of the FPD Savills Group, the international property consultants founded in 1855. This is a UK company listed on the London Stock Exchange, with offices and associates throughout the world. Savills Private Finance (SPF) was launched in 1997 to meet increasing demand from clients for advice on large, often complex mortgage arrangements.
Since its inception, SPF has grown rapidly to a position where it is one of the largest mortgage intermediaries in the UK. In 2003, SPF arranged in the region of £2.2 billion of mortgage lending. The value that the business espouses is relevant across the market. This is evident in the transactions arranged during the past year which have ranged in size from as little as £100,000 to multi million pound deals. SPF is recognised in both the industry and the Press as one of the leading professional and independent mortgage brokers in the UK for high net worth clients. At the core of SPF's success, lies its ability to offer a combination of superb product value, high levels of service and access to the real decision makers in lending institutions.
They understand that everyone is unique and therefore has differing financial needs. So, whether you are a UK resident, non-resident or expatriate purchasing in your own name, through a trust or foreign currency, they can process your requirements quickly and efficiently. They deal with all the aggravations that can make the mortgage process so frustrating. So, whether you want to buy a new home, remortgage an existing one, or build up a property portfolio, they can help. In addition to offering a bespoke service on residential mortgages, they also have a commercial finance team, overseas mortgage division and financial planning team, available to help.
Link to me
Savills Private Finance became involved with Housemouse (my old website) at my request to provide members with a professional source of mortgage advice. I have worked with them myself for a few years, and the fastest mortgage they ever got me was in 3 and a half hours.
More property books by TaxCafe - How to avoid property tax!
Top buy to let article - This Is Money
Poor old buy-to-let. Once upon a time it was David Beckham, Wayne Rooney and Kate Moss all rolled into one - making headlines on a daily basis with every move endlessly analysed. Buy-to-let: Is it worth it? Buy-to-let is no longer the hot property it once was, and many investors who bought in the boom struggled as mortgage rates rose. But lower house prices, rising rents and improving mortgage deals are tempting investors once more - although they will need a big deposit and find life much tougher than in the boom years Read More.