The customer, also a director of a retail business, was an experienced landlord based in the Scotland area with 18 properties in their portfolio. The property purchased was a 10-bed HMO near Edinburgh University and was fully let to students of the University. Whilst this deal wasn’t particularly complex, many lenders were unable to help the customer or underwrite the HMO due to their lack of understanding with Scottish property legislation. Cambridge & Counties Bank stepped in and were able to offer the customer the full loan amount within the timeframe required.
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