Exclusive 75% LTV Ltd Co Product!
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.
Mortgage Technical Help Desk
To compliment our market leading broker tool, Mortgage Flow, we also offer access to our vastly experienced Mortgage Technical Help Desk.
The Mortgage Technical Help Desk ensures that Mortgage Flow is kept up to date and has the knowledge and experience to assist in finding potential lenders for all of your client’s funding requirements.
If you have a more difficult to place case please complete the deal placement enquiry form and email to dealplacementenquiries@mortgagesforbusiness.co.uk or contact the team on 0845 148 9238
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