Yesterday, I was pleasantly surprised.
I had occasion to use Property Hawk's new buy-to-let mortgage service.
I am currently trying to buy a leasehold apartment and following on from a schedule of refurbishment works I want to get some cash out by re-mortgaging.
I therefore, contacted Property Hawk mortgages operated by TBMC one of the UK's largest specialist mortgage companies to see what my options are as far a re-mortgaging.
I know that it is now impossible to do a back to back purchase and then re-mortgage & that the shortest period that lenders will allow a landlord to hold a property before re-mortgaging is 6 months.
The phone was answered by a very sunny sounding 'Sion' in their Cardiff office.
I was looking for a 3 or 5 year fix. Sion took down my details and promised to get back to me.
A couple of hours later it was Sion again. She had found several lenders prepared to lend after only 6 months with a long-term fixed rate product & another lender who could lend after 12 months. Great news on two counts.
Firstly, I can re-finance my investment and get some cash out to do a development next year when hopefully my right royal battle with the 'planners' has been won!
Secondly, I was really impressed with the service I received and the way the Property Hawk mortgages was working.
It really was a good buy-to-let mortgage service.