Aberdeen flat purchased by limited company

The client runs a successful domestic cleaning business in Aberdeen. She also owns her own home and two rental properties, which we helped her fun. She was looking to expand her portfolio and wanted to use the surplus funds in the business.

She had found a mid-terrace 1-bed tenement flat, in ready to let condition in her home town. I approached Keystone Buy to Let Mortgages, one of the few lenders operating in Scotland that will lend to limited companies. Because the client could demonstrate existing experience as a landlord and strong trading accounts, Keystone was happy to help.

Here are the details of the deal:

Property value: £115,000

Loan amount: £76,000

Loan to value: 66%

Rate: 5.49% fixed for 3 years

Term: 10 years interest only

Monthly payment: £343

Month rental income: £700pcm

Annual yield: 7%

Lender arrangement fee: 2.75%

Completion date: January 2015

This is just one example of how I've helped a client secure finance. To see more of my case studies please visit my profile page. And if you have any funding requirements, please do not hesitate to contact me. My direct line and email address can be found below.

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