Overcoming Legal Delays for a First-Time Landlord

Buying your first investment property can be both exciting and daunting, especially when unexpected legal hurdles arise. At Cornerstone Commercial Finance, we’re committed to making even the most complex cases feel straightforward.

Loan: £200,591 net buy-to-let mortgage

In this case, we worked with a first-time buyer and first-time landlord who had already exchanged on a new-build high-rise flat in a 28-storey development. This was an investment-led purchase forming part of their buy-to-let strategy.

While the purchase was exciting, it came with its fair share of complications. The deposit was sourced from a trust, which, while approved by the lender at the underwriting stage, led to considerable delays and back-and-forth during the legal process.

With the client facing potential penalty fees from the developer if completion was delayed, we stepped in to secure an early drawdown, ensuring funds were released in time to complete without additional cost to the client.

The deal was successfully completed, and the client left us a glowing 5-star review, saying:

“Ben was fantastic from the start of this process through to completion. As a first time buy to let investor, I was initially overwhelmed by the mortgage process, but Ben made everything clear and manageable. Communication was always prompt and professional and no question too small. I would recommend Ben for anyone looking to secure a buy to let mortgage.”