A broker approached us looking to arrange finance for an experienced landlord and director of an SPV limited company who wished to refinance in order to expand his property portfolio.
The property the client wished to refinance was a 2-bed flat within a freehold title owned individually by the client which made the deal harder to place due to the related ownership.
Luckily the client fitted Keystone’s New Classic Range where he was offered the following deal:
Property value: £450,000
Loan amount: £277,940
Rate: 4.95% term tracker
Term: 25 years
Lender arrangement fee: 2.5% (£6,948.50)
Mortgage payment: £1,146.50 pcm
Rental income: £1,733 pcm
Gross yield: 4.6% pa
Consultant: Gareth Richards
Consultant tel: 01732 471627