Trading Ltd Co requests Bank Rate tracker for BTL purchase
We were approached by a self-employed IT consultant looking to purchase of a 3-bed terraced house in Essex. The client is an experienced landlord with over ten rental properties in his portfolio.
Although the client had always purchased properties in his personal name, he had recently decided to make future purchases via his trading limited company.
The client requested a tracker rate linked to Bank Rate, which is currently sitting at an all-time low of 0.25%.
We approached an intermediary only lender which has the underwriting capabilities to accept trading limited companies.
Happy with the company’s accounts and the clients experience in letting property, the following terms were offered: