Customer Overview
A married couple in their early 40s—one of whom is self-employed and the other working in a technical field—based in the South of England, sought mortgage advice after identifying a rare opportunity: purchasing the property next door to their current home as a long-term investment. They envisioned a Godiva buy to let 2025 strategy. To facilitate the purchase under a newly formed limited company, they needed a lender that could accommodate complex requirements including foreign savings and proximity concerns.
The Challenge: Securing a Buy to Let Mortgage with Unique Criteria
The couple had multiple, intersecting challenges:
- They wanted to purchase a property located directly next to their current residence, which many UK lenders find problematic for buy-to-let mortgage applications.
- The mortgage needed to be under a newly formed limited company structure.
- Some of their deposit originated from income earned abroad—another red flag for several lenders.
- They required a 30-year capital and interest repayment term with a fixed rate to keep payments predictable and within their monthly budget of £1,800, tying into their long-term vision, a Godiva buy to let 2025 plan.
Traditional lenders such as Aldermore, The Mortgage Works, and Paragon were ruled out due to these limitations, especially restrictions on deposit origin or lending on adjacent properties.
The Solution: Flexible Buy to Let Remortgage with Godiva Mortgages
After exploring the market thoroughly, the best solution was found through Godiva Mortgages Limited. This lender was selected not only for competitive rates but also for its flexibility in underwriting criteria, especially:
- No minimum income requirements.
- Acceptance of limited company buy-to-let applications.
- Willingness to lend on properties adjacent to the applicant’s residence.
- Flexibility with deposit sources, including those built from foreign income. In line with Godiva buy to let 2025, this flexibility was crucial for their goals.
The chosen product was a 5-year fixed-rate mortgage at 4.93% on a 30-year term. This fit the couple’s affordability constraints, with an initial monthly payment of £1,374.05.
Although the product involved an arrangement fee of £3,999, the couple chose to add it to the mortgage to reduce upfront expenses and lock in the better rate.
Achieved Results: Stability, Flexibility and Investment Growth
By selecting Godiva Mortgages, the couple met all their property acquisition goals:
- Secured approval for a £254,013 mortgage even with a limited company structure and savings from abroad.
- Achieved consistent, predictable payments with a lower interest rate over 5 years.
- Gained mortgage portability and overpayment flexibility of up to 10% annually.
- Ensured affordability with monthly payments well within their initial £1,800 threshold, aligning with their Godiva buy to let 2025 strategy.
“We knew buying the house next door wasn’t going to be straightforward, but the help we received made the whole process smooth. We’re excited to grow our property investment portfolio with peace of mind.” — Buy to Let Client, Hampshire
Frequently Asked Questions
Ready to Explore Buy to Let Mortgage Options?
Whether you’re expanding your property portfolio or making your first investment, we can help you find the best buy to let remortgage rates in the UK, even if your circumstances are complex. Our experts understand the market inside and out and work with lenders across the board to match you with the ideal mortgage solution.
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