High value Buy to Let property

This landlord telephoned us in response to one of our national newspaper advertisements and was seeking a landlord mortgage on a single high value property (£1,600,000) in Buckinghamshire.

The challenge for us was to find a lender prepared to offer finance at this level and at a reasonably high loan to property value. It tends to be the industry norm that the higher the property price the lower the loan to property value the lenders are prepared to offer.

How did we help?

The key issues addressed by the broker were as follows:

- High loan to property value required
- Negotiate the lowest interest rate for the client

We negotiated the following funding for the purchase:
Scheme: LIBOR + 1.5%
Property value: £1,600,000
Loan amount: £1,200,000
Loan to property value: 75%
Repayment: Interest only
Term: 20 years