An accountant introducer contacted us to see if we could assist one of their clients with the purchase of two residential investment properties through a newly formed limited company. The deals were fraught with issues as the sole applicant/director was a first time landlord with no prior letting experience, and one of the properties was a multi-let unit comprising of two freehold flats on one title. To make matters worse, although the client was asset rich and had good deposits her income was on the low side. We were able to source a lender who was agreeable to all the potential pitfalls to the deal and both purchases were completed in a timely manner at a competitive rate of interest.
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