Complete FS and Interbay seal £21m remortgage and incorporation of 100 properties

The packager said the complexity of the case required close working alongside the client’s mortgage broker, tax adviser and the lender.

Interbay, which is part of OneSavings Bank, agreed a bespoke deal for the customer due to its scale.

Complete FS’ director Damian Cain said ensuring the tax situation was correctly addressed was vital.

“Due to the complexity of this deal, we requested the adviser work closely with the customer’s tax specialist to ensure that a limited company structure was indeed the right solution and that the correct procedures were followed to make it happen,” he said.

“At the same time, we looked at all the potential remortgage options and having talked it through with some of our lenders, we decided to opt for Interbay as they had the ability, expertise and experience to assist with such a large and complicated case.”

One of our larger loans

OneSavings Bank sales director Adrian Moloney said the lender had formed a good working relationship with Complete.

“This is one of the larger loans we have provided and due to its complexity, required close and open co-operation between Complete and ourselves to ensure the right outcome was delivered for the customer and met his adviser’s requirements,” he said.

“We are delighted to have been able to assist and provide a solution, which might very well have not happened without the relationship between us and Complete FS.”

Choice Mortgage Solutions director Chris Croake added that he was pleased with how the deal was handled and the outcome for his client.