We are about to move home and Santander wont renew our mortgage as we have a few BTLs (unfortunately theyve taken ages to tell me this and we move in 4 weeks [Angry]
I've called HSBS, First Direct, Co-Op and although they first deny it, eventually they admit they all have some sort of criteria which I am failing (too many in number, too much % of my income from them, considered a professional landlord etc etc).
So I wondered if anyone had any recommendations for a mortgage company? I dont need the BTL income considered as I have a job.
I know personal circumstances affect an application, but many lenders wont consider BTLs so, if another landlord had recently got a residential mortgage from x it would narrow the field for me.
I didnt want to use a broker as IME they dont necesarily explain the whole situation leading to a refusal later down the line (which I cant have). Also they potentially go on leave, dont return calls, go sick, dont work past 5pm - whereas I am dedicating 100% of my time to this for the next few days.
Honestly OP, a good broker will give better advice than you will find on here.
You need to disclose all your details in order to get advice on where to apply which you're obviously not going to do on here and even if you did, no one regulated by the industry could comment anyway.
Brokers are far more likely to avoid a decline by reviewing the whole situation than whatever person you happen to speak to at a particular bank as the front line bank staff often don't know all the details of the criteria whereas brokers with lots of experience will have seen lots of different permutations.
Ironically the broker I used used on holiday but he processed my application in 1 day and updated me continually.