From Setback to Security
The Challenge
A portfolio landlord approached us after being unable to secure a remortgage due to a recent £2,700 County Court Judgment (CCJ). As a result, the client remained on a high variable interest rate, placing increasing pressure on cash flow across the portfolio.
The situation became more urgent when the mortgage term on one property had expired more than three months earlier, with the lender actively seeking redemption of the outstanding balance.
Our Approach
Rather than assessing the CCJ in isolation, we took time to fully understand the circumstances surrounding it. We gathered supporting documentation to establish:
- Why the CCJ had arisen
- How and when it had been resolved
- How it sat within the client’s wider financial position and long-standing track record as a landlord
Using this information, we built a case based on a holistic, common-sense assessment of the client’s position, highlighting consistent rental income, strong portfolio performance, and the fact that the CCJ had been satisfied in full.
When the lender initially declined the application, we submitted a structured appeal supported by a detailed rationale and comprehensive evidence. Following a full reassessment, the lender agreed to overturn the original decision.
The Outcome
- A 25-year remortgage secured
- Interest rate reduced from 8.50% to 4.15%
- Monthly payments reduced from £1,873 to £925
- Significant improvement in cash flow
- Property retained without the need for a forced sale
The client was able to stabilise their position and move forward with a sustainable long-term solution.
Whether your situation is “standard” or involves complex income and international variables, we are here to provide the guidance you need.