Pictured above: Roger Dewsbery, senior underwriter, Crystal Mortgages

Independent commercial finance specialist, Crystal Mortgages has issued terms of over £2 million since entering the buy-to-let market just 14 days ago.

The company has reported to be inundated with applications, many of whom had previously been turned down for finance by their own lenders.

The Walsall-based buy-to-let packager has a portfolio available of over 100 products, with loans available from £25,000 to £10,000,000, LTV's up to 75% and interest rates from only 1.99% above the Bank of England Base Rate.

Refinancing, purchasing or capital raising options are open to first-time landlords, multiple property owners and limited companies.  Start-up, self-certification and adverse credit applications will all be considered.

Roger Dewsbery, senior underwriter at Crystal Mortgages, said: "The level of applications we are receiving are extremely high with good portfolios, solid business plans and a fine credit rating, I cannot understand why these people are struggling to place their buy-to-let mortgage applications.

"It goes back to the original statement and reason for entering the market, the industry has become so over-reliant on automated systems that they are blind to good opportunities.

"Our move into buy-to-let packaging has already paid dividends, and we are extremely happy to judge each application on its merit and assist as many individuals and companies as possible."

Crystal Mortgages recently reported a record start to 2011, with the business issuing terms on over £69m worth of commercial business and completions up 86 percent from January to March.

The figures, which compare against the same period in 2010, show new business levels increased by 56 percent with commission paid out to introducers up by 60 percent.

For more information on Crystal Mortgages and their full range of mortgage, bridging and development products, applicants can call 01922 722008.