Exclusive Light Refurbishment Product!
Mortgages for Business is pleased to announce a new and exclusive mortgage product for experienced property investors looking to purchase or refinance residential investment properties in need of some work based on 70% OF END VALUE (with a retention at the outset).
The majority of lenders will only release mortgage funds once a property is let and the few lenders that will take a view, do not cater for the larger projects or the more complex properties (HMO, Multi-unit Freeholds), or indeed those properties owned in Ltd companies. The product highlights are:-
• Initial loan up to 65% of purchase price or value (whichever is the lower)
• Further funds retained and released post refurbishment up to 70% of end value
• Interest Rate 5% above Base Rate with a 1% loading during the refurbishment phase
• Lender Fee 2.5% (currently deducted from loan)
• Booking fee of £500
• Available for Residential, Semi-Commercial and Commercial property
For further information on this offering and to discuss your needs please contact us on 0845 148 9238.
Mortgage Flow
Mortgage Flow is specialist Buy to Let broker tool incorporating the marketing leading sourcing element and the newly developed portfolio management tool.
Mortgage Flow allows you to source all of your Buy to Let business, manage all of your client’s personal and portfolio data, build a powerful Customer Relationship Management tool and transact all of your business in a efficient and effective manner.
Mortgage Flow is internally developed and has been enhanced over the last few years with feedback that we have received from you, the user. Therefore we welcome your feedback on how we can make further productivity gains through this invaluable tool.
If you have questions around the functionality of Mortgage Flow or you would like to give us your ideas for further enhancements of the system please contact us on 0845 148 9078 or email address network@mortgagesforbusiness.co.uk
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