Returning Offshore Borrower Looking to Overcome Tight BTL Deadlines, with Speed and Security

Loan Amount:
£343,000

Property Value:
£490,000

LTV:
70%

Seeing borrowers return to our services always puts a smile on our faces and can often help with how quickly the loan can be processed. Of course, not every case will be smooth sailing, but our team of experts are always looking at the bigger picture to find creative solutions and reasons to lend.

We often work with buy-to-let landlords who are looking to grow their property portfolios, whether they be UK or offshore borrowers.

Looking at location, longevity, and the larger picture

Having already worked with us prior, the client came to us looking for speed and security. They were looking to purchase a new build property with intention to let it to tenants and find a long-term financial solution. However, the developers were placing increasing pressure on the client to meet a tight deadline and therefore required specialist finance to complete on time.

Located in an up-and-coming borough in London, the property held great potential for long-term capital gain. There are also several transportation links within walking distance, putting it in a great position to be in high demand from Central London based workers.

Comparing the asset to competitive properties on the market, there was a small concern that the provided rental income would not be high enough. However, our underwriter decided to take a view and consider the larger picture. Taking into account the unique features of the property, combined with the ease of accessibility to the city centre, we were confident it would push the property into the higher rent bracket.

With multiple solid exit strategies at hand, we were happy to go ahead with the deal and were able to meet the developer’s initial deadline, leaving the client to continue focusing on their growing portfolio.

Setting standards: What buy-to-let landlords need to know

With the rising base rate, there have been concerns that BTL investors would exit the market in droves. However, high demand in the rental market, and a much smaller supply of rental properties has led to rents increasing, and BTL landlords are capitalising on this opportunity by growing their portfolios. The average rental price in the UK rose by 4.7% in the 12 months leading up to February 2023. The East Midlands is currently the English region to witness the largest annual increase of 4.9%.

But, these landlords need to be considerate of the industry standards for buy-to-let assets, with the government ‘checklist’ being regularly updated and maintained, and further changes on the horizon.

FAQs

How do you help offshore borrowers meet tight buy-to-let deadlines?

We understand that time is often the biggest pressure for property investors. In this situation, the borrower was based overseas and needed funding secured against multiple buy-to-let properties within a tight timeframe. By starting underwriting from day one, we could identify requirements immediately and act without delay. Our ability to move swiftly ensured the client didn’t miss their deadline.

Why can you work with offshore clients confidently?

Many lenders shy away from offshore borrowers due to the perceived added layers of due diligence. We take a different view and believe in flexibility, looking at the whole picture. We look into the client’s background, the strength of the assets, and the urgency of the funding needed. This flexible approach means we can offer a solution that many high street lenders wouldn’t even consider.

How do you maintain transparency with international lending?

Transparency is especially vital when working with overseas investors. We make sure the client understands every step of the bridging loan process, from documentation requirements to timelines and costs. Clear communication means the borrower knows exactly what to expect – there were no hidden surprises or last-minute changes. This level of openness builds trust and gives our clients confidence to proceed.

What sets Market Financial Solutions apart in helping investors meet tight property deadlines?

We pride ourselves on a straightforward promise: when we say yes, we mean it. With underwriting starting on day one, we tackle any potential hurdles early. With trusted partners and a experienced in-house teams, we can deliver funds even when time is short. Combined with our in-house funds, diverse funding lines and transparent approach, borrowers – whether based in the UK or overseas – can rely on us to get their deals over the line on time.