Faced with an expiring fixed rate and the risk of reverting onto a significantly higher SVR, an expat investor approached Aria Finance with an urgent refinancing requirement. With only weeks before the deadline, swift action and strong lender collaboration were essential.
The Client:
The client is an expat currently residing in Switzerland who owns three UK investment properties. He is self-employed and manages a portfolio that includes a four-bedroom HMO located in Scotland.
The Situation:
The client had left his refinance late, creating a very tight window to complete before his fixed rate expired. If he reverted onto his current lender’s SVR, he would have faced a significant payment shock due to much higher interest rates. It was therefore essential to secure a new deal quickly, using a lender capable of working efficiently to meet the strict deadline.
Our Solution
Aria Finance identified and engaged a lender known for their reliability and ability to move swiftly. Our team managed the entire process proactively, ensuring that all parties, including the client, lender, and solicitor, were aligned with the deadline. Communication played a crucial role, and by maintaining clear and continuous updates throughout, we were able to progress the application smoothly from submission to completion in just eight weeks.
Benefits & Results:
The refinance was completed successfully before the client’s fixed rate expired, allowing him to avoid moving onto a higher SVR and the associated payment shock. The process was handled efficiently despite the tight timeframe, and the client felt reassured by the transparent communication and co-ordinated efforts of everyone involved. As a result, he secured long-term, sustainable finance on a 20-year term at 60% LTV, protecting both his cash flow and the stability of his investment portfolio.
