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SPV refinance for portfolio landlord with 80+ BTLs

A broker approached us for help in finding a provider that would accept a landlord with a large portfolio (80+ properties) who required finance for his SPV limited company.

The client was looking to remortgage a two-bed flat in a Derbyshire town, so that he could raise finance to make further BTL purchases.

Keystone were able to offer the client the following deal.

Property value: £96,000

Loan amount: £62,400

LTV: 65%

Product: 5.14% term tracker

Term: 25 years interest only

Rental income: £595 pcm

Gross yield: 7.4% pa

Mortgage payment: £267 pcm (£1,716)

Lender arrangement fee: 2.75%

NB: ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

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