Remortgage on a Buy to Let to raise capital


Our client was looking to remortgage his buy to let property that he had recently renovated (and never actually let) to capital raise for a deposit on a new buy to let property. The main issues were:

  • the client does not own a residential property
  • the large amount he was looking to raise
  • the high level of rental income required to cover the monthly interest payments
  • the possibility of rental voids, because his income (£50,000pa on a self-employed basis) would not be sufficient to cover the monthly repayments at this loan amount


With the property valued at £2m and the current loan £650,000, we negotiated a new loan of £1m, raising £350,000 capital. One particular lender was prepared to offer a competitive priced mortgage based on the circumstances above.


© Private Finance Limited, 2019. Private Finance provides independent mortgage advice and arranges individual mortgage solutions for clients. Private Finance is a trading style of Private Finance Ltd, 29 Lincolns Inn Fields, London, WC2A 3EG, registered in England no. 3855776 and its Appointed Representatives. Private Finance Limited is authorised and regulated by the Financial Conduct Authority (FCA registration number 310566).

Private Finance Ltd is rated 4.94 stars by based on 506 merchant reviews

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506 Reviews
Very good personal service with good rate secured. I would not hesitate to recommend using this company.
Private Finance has been one of the best overall experiences I have ever had from a client perspective in any sector. Jason is professional, courteous, knowledgeable, prompt and very astute, going long beyond the call of duty. Every time his services are required the entire process goes by effortlessly upon my part, I have complete trust and confidence in him. I cannot recommend him or Private Finance highly enough.
We've been clients of Private Finance for five years and cannot rate their mortgage service highly enough. Adept at finding finance at the best rates for multiple properties. They simplfy the process considerably for us, ensuring hassle-free remortgaging. We do not go turn to anyone else now knowing that we can trust them to find us the best deal.
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