A married couple – both existing clients, approached us looking to expand their property portfolio.

The couple’s modus operandi is to purchase low value, high yielding properties within North West England. With this in mind, the couple had set their sights on a two-bed flat within a converted townhouse in Sheffield.

In addition to running their property portfolio, the couple are also chartered accountants, so on their own advice had decided to make their future purchases via an SPV limited company.

As the pair were looking for a loan of £67,500 on a property valued at £90k, we knew that the number of finance options available to them would be restricted because many lenders have a minimum borrowing requirement of £75,000 and a minimum property value of £100k.

We approached an intermediary only lender, which not only accepts low loan amounts and low property values, it also charges fees as a percentage of the loan amount - important for our clients as the average flat fee is currently around £1,400, so we would be able to save them £1,000 in upfront costs.

Happy with the joint income of the couple and their background in property investment, the following terms have just been offered. The case is very straightforward and due to complete within the next four weeks. Here are the details: