Semi-Commercial property purchase for a 1st time Landlord

Deal Structure

65% LTV

Interest Rate 6.99%

3% Fee added to loan

30-year term

Deal Summary

We were referred to a client who was looking to purchase a semi commercial property.

The client had become frustrated with a perceived lack of interest shown by lenders due to his relative inexperience as a Landlord, and not a great deal of personal assets behind him.

Despite having a healthy deposit, our client lived in rental accommodation, and that coupled with the fact that he didn’t have any experience as a Landlord, deterred a lot of lenders.

We have access to a broad variety of lenders and very quickly were able to get a loan agreed with one who took a pragmatic view to the risk, meaning our client was able to complete on the purchase using a commercial mortgage and start what hopefully will become a decent property portfolio.