Our Case Studies
Our Case Studies » Can owning multiple homes make remortgaging more difficult?

Can owning multiple homes make remortgaging more difficult?

Can owning multiple homes make remortgaging more difficult?

Case Profile

High net worth individuals tend to have multi-layered financial situations, and despite their wealth, this can make securing a mortgage much more complex.

Our latest case study is a prime example. As a recent partner of an LLP, they were only able to prove tax returns for the previous financial year when most lenders require proof of two years’ historical income on which to base lending decisions. The situation was further complicated by the fact that the client owned three mortgaged properties and had a desire to use the property being remortgaged as both a personal and commercial holiday home. This desire to let out the property for a portion of the year meant the client would not usually qualify for residential mortgage rates. Finally, the client was asking for an ambitious 60% LTV, interest-only mortgage.


Our Associate Director, Caroline Burke, was able to identify a lender who would accept further documentation from the LLP regarding projected salary to reinforce the financial details. The lender also agreed that the property could be let out for several months of the year, plus they accepted the 60% LTV on an interest only basis.

If you are looking to secure a mortgage or remortgage with a complicated set of circumstances, you may benefit from the help of a specialist team of advisers. Don’t hesitate to get in touch with our team.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Return to Our Case Studies

Latest Articles/News

Case Studies

When clients are starting out in a new venture, there are inevitably period…

Latest/Related News

One of the elements which sets us apart from other mortgage advisers is our…

Press Release

The team at largemortgageloans.com has collectively been nominated for thre…

Press Coverage

Buy-to-let ratings survey: Lenders of rank…

LML Brochure

Download our brochure to find out more about largemortgageloans.com and what we can offer

Click to Download

Sign Up

Subscribe now, to hear from us on the latest mortgage market news, products and services.

Client Testimonials