Changing from a buy to let to a residential mortgage? Let largemortgageloans.com help

At largemortgageloans.com we’re familiar with unusual circumstances that can sometimes impact standard lending criteria. We’re frequently approached with complex cases that can be difficult to place, yet the relationship we’ve established with our lenders often leads to a successful result. We also have the banking contacts to provide a tailored solution where other lenders may not be able to help. To discuss this or any other large or complex mortgage case, please contact us on 020 7519 4984 or email us.

Case profile

The client approached largemortgageloans.com looking to remortgage their property from a buy to let to a standard residential. The client, a UK national, lived in the US with an income of USD. Despite earning a good basic, a majority of their income is generated by bonus. As such, they were looking for a mortgage that was interest only which on a residential property can sometimes be challenging.

Solution

Despite these circumstances Associate Director at largemortgageloans.com, Paul Fredericks, was able to speak to our network of lenders and present a two year average of the bonus earned. A low fixed rate mortgage on a residential basis was secured allowing for a certain amount of disposable income per month which could be used as the repayment vehicle.

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

You may have to pay an early repayment charge to your existing lender if you remortgage.

Changes in the exchange rate may increase the sterling equivalent of your debt.

The FCA does not regulate some aspects of buy to let mortgages.     

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Your home or property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Changes in the exchange rate may increase the sterling equivalent of your debt. You may have to pay an early repayment charge to your existing lender if you remortgage. Think carefully before securing any other debts against your home.  

largemortgageloans.com is a trading name of Largemortgageloans.com Ltd, Aegon House, Ground Floor Suite, 13 Lanark Square, London, E14 9QD authorised and regulated by the Financial Conduct Authority (FCA). Our FCA registration number is 302228 and can be viewed by visiting the FCA website: www.fca.org.uk.  The FCA does not regulate tax advice or some aspects of commercial, buy to let, overseas mortgages, bridging finance, finance and asset lending.  

Largemortgageloans.com Limited is registered with the Guernsey Financial Services Commission, reference number: 2269418, as a Non-Regulated Financial Services Business.  

Largemortgageloans.com Ltd Registered in England and Wales No: 5070990 Registered Address: As above. The guidance and advice contained within the website are subject to the UK regulatory regime and is primarily targeted at UK customers. Calls may be recorded for training and monitoring.