Our customer is an IT consultant working in Germany and who wished to remortgage two of his existing rental properties held in his Special Purpose Vehicle limited company.
Many lenders would struggle to assist given these unique circumstances but we managed to source an interest only mortgage from a lender on a 10-year term at the requested 70% LTV. The deal was concluded in a timely fashion.
Here are the details of the deal:
Property value: £270,000
Loan amount: £188,500
Loan to value: 70%
Term: 10 years interest only
Rate: LIBOR + 4.75%
Lender arrangement fee: 1.7%
Completion date: June 2014
Consultant: Nick Helm
Consultant tel: 01732 471 608
This is just one example of how I've helped a client secure a buy to let mortgage. To see more of my case studies please visit my profile page. And if you have any funding requirements, please do not hesitate to contact me. My direct line and email address can be found below.
