Buy to Let Mortgage on Unencumbered Property with Historic Adverse Credit [Case Study]

Simon Nicholson

Written by Simon Nicholson on May 23, 2018

Updated June 27, 2019

Buy to let loans no stress test

The Case

A directly authorised mortgage broker referred a client who was looking to raise £80,000 on a unencumbered BTL property purchased with cash just six weeks previously. The customer also had historic adverse credit including numerous defaults and CCJ’s. The mortgage broker was struggling to place this case with any status lender and sought our help with our specialist BTL lender panel. The client had defaults ranging from 2012 to just over one year ago and three unsatisfied CCJ’s.

The solution

Our BTL specialist adviser looked at a lender who disregarded the defaults over 12 months old and accepted the CCJ’s which were under £10,000. The lender also was happy to approve the client even with a newly purchased property up to 75% LTV as they have no minimum 6 months ownership rule.

The Outcome

Our lender offered terms to the client at 5.98% at an LTV of 68% and the case completed within in a few working days.

Get in touch

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All credit types
Rated 5.0/ 5

Smart Money Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.


Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£10,000 - £1,000,000

Representative APRC
From 7.1%

Loan Term
3 - 35 years

Loan Type
& Buy to Let

Homeowners Only
Max LTV 100%

Award winning broker of the year Smart Money have made it to the top of our list as our No 1 recommended provider for homeowner and buy to let loans. They are independent and have access to the major lenders in the market.

Representative Example

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