The client is a City banker who already owns one rental property and was looking to grow his portfolio. He had identified a freehold block of nine flats in a popular Cornish town. The flats - six 1-bed units and three 2-bed units - were in good condition, all let on ASTs. However, there was a major sticking point - the flats are situated above offices on the ground floor and a weekend nightclub in the basement. Because of this most lenders were not interested.

To resolve this issue, I took the proposal to a specialist lender that was willing to assess the scenario. The underwriter felt that the property was a good risk and agreed to lend 75% of the purchase price.

Here are the details of the deal:

Property value: £425,000

Loan amount: £318,750

Loan to value: 75%

Rate: Lender’s LIBOR 0.75 + 4.75%

Term: 10 years interest only

Monthly payment: £1,461

Month rental income: £4,583

Annual yield: 12.9%

Lender arrangement fee: 1.7%

Completion date: December 2014

This is just one example of how I've helped a client secure finance. 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.