A self-employed borrower successfully remortgaged a £225k holiday let property, raising over £38k for home improvements while securing a fast completion before product expiry.
The applicant had low verified income, and required an approach that didn’t rely on standard AST rental figures.
Zero minimum income threshold: We accept applications from both employed and self-employed applicants.
True seasonal rental assessment: We used low, medium and high seasonal holiday let projections for affordability, rather than an AST figure.
Streamlined packaging and day 1 valuation: We requested only key upfront packaging documents and instructed the valuation day 1.
"The process was very smooth from start to finish and we had no issues at all. The person we spoke to was super helpful. We'll definitely use Leek in the future for any similar application we get as we were very happy with the service provided."
Contact us by phone or email using the details shown below.
Monday to Friday 9am - 5pm
You can also contact us at IntermediaryMortgages@leekbs.co.uk
Monday to Friday 9am - 5pm
Contact us at MortgageProcessing@leekbs.co.uk
