Our clients, both employed and with an existing property portfolio, wished to purchase a take-away with accommodation above.
They have incomes of £35,000 and £12,000 pa respectively and already own and manage three investment properties. The building they are looking to purchase is a terraced house, comprising of a take-away business on the ground floor with a 3-bed flat on the first floor. It is currently let on a 5 year lease for over £14,000 per annum to the same tenant.
We were able to find a specialist lender who was happy to lend on this semi-commercial investment purchase.
Property value: £125,000
Loan amount: £90,000
Rate: 5.55% + Lender's LIBOR
Term: 15 Years capital & repayment
Lender arrangement fee: 3.5%
This is just one example of how I've helped a client secure a semi-commercial 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.