Mortgages for Business is pleased to announce a new and exclusive Ltd Co mortgage product.
This is great news for the increasing number of landlords looking to purchase properties in the name of their Ltd Co. There are some restrictions for Property Developers and borrowers whose sole income is derived from property, but we expect demand to be very high as more stock comes on to the market. Initially, this product is only available for “vanilla” Buy to Let transactions with alternative products available for the more complex residential investments.
• 75% LTV - exclusive to Mortgages for Business
• Base + 4.75% (APR of 5.6%)
• Lender Fee 2%
• Booking fee of £250
• Early Redemption charge of 3% in the first 4 years
• Interest only available for the term of the loan
• Maximum term 25 years
• Maximum loan per property £375,000
• Available for both Trading companies and SPVs
• Improved pricing for 70% LTV and below (4.24% above Base Rate; 1.6% Lender Fee)
• Capital raising up to 60% LTV
Available up to 75% Loan to Value, this product had been predominantly designed for Limited Company BTL purchases and like for like remortgages.
For further information on this offering and to discuss your needs please contact us on 0845 1489 238.
Mortgages for Business will issue a range of the best Buy to Let mortgage products on a weekly basis.
These products have been selected by us and represent our choice of the best rates currently (and historically) available within our Buy to Let mortgage portfolio.
If you would like any further information around any products then please contact the Mortgage Technical Help Desk on 0845 148 9238 or email address dealplacementsenquiries@mortgagesforbusiness.co.uk
Mortgages for Business has been specialising in Commercial Mortgages for the past 20 years and is well placed to assist with your clients’ commercial funding needs.
If you have a client looking for Commercial Mortgage finance then we have the right expertise and whole of market lender relationships to make the deal happen! We can help with any of the following:
- Trading Businesses: Commercial Owner Occupier Mortgages
- Commercial Investment Mortgages
- HMOs & Ltd Company Buy to Lets
- Development & Refurbishment Finance
- Bridging Loans / Short Term finance
- Secured Loans / 2nd Charge Borrowing
For full details of our Commercial Packager Proposition, please call 0845 148 9238.
