Exclusive Limited Company Buy to Let 75% LTV! 17.06.2010

Author: Steve Olejnik Posted on: 13 June 2010

We are pleased to announce the launch of our exclusive Limited Company Buy to Let Mortgage. Available up to 75% Loan to Value, this product had been predominantly designed for Limited Company Buy to Let purchases and like for like remortgages.

 

For a limited period, Mortgages for Business is able to offer the following terms for Limited Company Buy to Let mortgages applications:

 

·         75% LTV

·         Base + 4.75%

·         Lender Fee 2%

·         Early Redemption charge of 3% in the first 4 years only

·         Success only Broker Fee of 0.25% (subject to a minimum of £497)

·         Interest only available for the term of the loan

·         Maximum term 25 years

·         Maximum loan per property £375,000 (75% on £500,000 value) and maximum lend to Borrower of £500,000

·         Available for both Trading companies and SPVs

·         Improved pricing for 70% LTV and below (4.24% above Base Rate; 1.6% Lender Fee)

·         Capital raising up to 60% LTV

 

 

This is great news for the increasing number of landlords looking to purchase properties in the name of their Limited Company. There are some restrictions for Property Developers and borrowers whose sole income is derived from property, but we expect demand to be very high as more stock comes on to the market. Initially, this product is only available for “vanilla” Buy to Let mortgages transactions with alternative products available for the more complex residential investments.

 

Funds are limited so call your consultant now on 0845 345678 or make an enquiry via the website.

Author: Steve Olejnik