I recently worked on a high loan to value mortgage for a property developer with adverse credit. When he came to us he had a portfolio of three North London properties, worth around £2m in total, which he let out as HMOs (House in Multiple Occupation). He was looking to raise as much money as possible on one of his existing properties in order to fund some refurbishments and general maintenance, as well as a further purchase. Although the case seems straightforward enough, there were a couple of knotty points to negotiate. The first challenge for me as a broker was that he was after a very high loan to value mortgage – around 85% – with the norm for buy-to-lets being 75%. Another potential problem was that he had an adverse credit rating. This was thanks to a run-in a few years ago with a mobile phone company, but of course it meant that some lenders wouldn’t give him the time of day.