New leasehold title (December 2010)

This client has owned a freehold property comprising three self-contained flats for many years and wished to raise finance against newly created leasehold titles. The majority of buy to let lenders will not consider an application until the leases have been in place for a minimum of six months and in some cases nine or twelve months. I was able to place this deal immediately on a maximum of two flats, which produced sufficient capital to purchase an additional investment property.