75% LTV for new build houses (July 2011)
Experienced developer and property investor built two new houses using development finance from his bank. Once built, the client wanted to keep the properties, let them out and arrange long term finance on the properties to clear the development finance and raise funds for further property investment.
| Property value: | 2x £310,000 |
| Loan amount and terms: | £232,500 x2, 4.98% 2 year discounted tracker, lender fee 1%, interest only for the term |
| Completion date: | July 2011 |
