Our clients owned an unencumbered BTL property that had recently undergone renovations. Although the property was untenanted while new tenants were being found, the clients needed to raise finance for debt consolidation, having used credit to fund the renovation work.
Despite being self-employed with low declared income and adverse credit, we were able to secure the necessary borrowing using projected rental income. This allowed our clients to consolidate their debt, reduce their monthly outgoings, and begin repairing their credit profile.
Another example of how tailored solutions can help clients manage their finances more effectively.