Helping Property Investors Achieve Their Goals
🌟 Mortgage Completed for Portfolio Landlord
We’re pleased to announce the successful completion of a new build Buy To Let Multi Unit Freehold Block for an existing Portfolio Landlord in Kent. This deal is another example of how we support property investors to grow their portfolios.
📍 Property Details:
-Type of Property: Multi Unit of seven units with twelve bedrooms
-Location: Kent
-Value: £1,500,000
-Loan-to-Value (LTV): 50%
-Mortgage Type: Interest Only for 30 years
🏦 Issues to Overcome
The lender we selected had a maximum number of six units for their product which had a fixed fee which is rare as most are percentage based.
We discussed the case with both the sales team and underwriters prior to submission and asked if they would make an exception to their policy which they agreed.
This saved the client approximately £28,000 over the five period of the product compared to the next option.