Ex-pat remortgages 2 flats using his SPV limited company

Our customer is an IT consultant working in Germany and who wished to remortgage two of his existing rental properties held in his Special Purpose Vehicle limited company.

Many lenders would struggle to assist given these unique circumstances but we managed to source an interest only mortgage from a lender on a 10-year term at the requested 70% LTV. The deal was concluded in a timely fashion.

Here are the details of the deal:

Property value: £270,000

Loan amount: £188,500

Loan to value: 70%

Term: 10 years interest only

Rate: LIBOR + 4.75%

Lender arrangement fee: 1.7%

Completion date: June 2014

Consultant: Nick Helm

Consultant tel: 01732 471 608

This is just one example of how I've helped a client secure a buy to let mortgage. 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.

Consultant