Multi-unit property refinance for an ex-pat (January 2011)
Obtaining mortgage finance for freehold properties split into self-contained flats is not easy. The additional complication that the property title would be in three family names, one of which was resident in Australia. As this was a capital raising exercise to buy out another member of the family they did not want to omit one of the borrowers.
| Loan size and rate | £120,000 at 5.29% for two years fixed with a 1.5% lender fee |
| Property value | £200,000 |
| Completion date | Est. Early January 2011 |
