Buy to Let Mortgage at 3.19% Fixed in 10 Days – Speedy Solution


At Enness, many of our clients are property investors looking for a Buy to Let mortgage to expand their portfolios. Just before Christmas, an estate agency we work closely with, Benham and Reeves, referred us one of their clients seeking a buy to let mortgage for a property he had found.

The buy to let was a 3 bed terrace in Hampstead that he wanted to move quickly on. Residing in the area himself, he identified the buy to let property as being a solid investment available at a good price of £1,000,000 which he was keen to take advantage of. The client’s key priority was to have the mortgage on the buy to let property agreed quickly so he could proceed to exchange contracts.

As a partner in a law firm, with a substantial income of approximately £1,000,000 per year, the client had little time to devote to this himself. Despite a strong personal income the property offered a relatively modest rental yield and given the primary focus for agreeing a buy to let property mortgage is rental income – this presented a significant hurdle to overcome.

Through my experience in negotiating mortgage deals with lenders for London investment property, which typically have low yields, I approached a lender who I knew would be keen to assess the client’s wider profile and not just focus on the rental income on a ‘tickbox’ basis.


Having gained approval on terms at 3.19% fixed for 2 years the priority was then to secure formal approval and a written offer for my client as quickly as possible. Working on this between Christmas and New Year I managed to deliver an unconditional mortgage offer to the client just 10 days after beginning the application. This was achieved through a combination of diligent administration and working closely with the lender to ensure all requirements were proactively met in the shortest possible time. The client has now taken ownership of the property and was delighted to recommend me to his colleagues and friends.