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Converting an Owner Occupier loan into an Investment Property loan

Deal Structure

75% Loan To value

Interest Rate fixed for 5 years @ 5.19%

1.5% Arrangement Fee

10 years Interest Only

Deal Summary

We were approached by a client who had operated a successful News Agent business and now was looking to retire. He had negotiated the sale of the business to a third party but wanted to retain ownership of the Freehold on the property.

After being rejected by his incumbent lenders to extend his loan on an investment basis, he asked us if we could assist him in restructuring his finances.

We approached several lenders who we knew were suitable and invited them to make indicative offers that we could present to our client. Our client chose a 75% LTV deal which enabled him to repay his outstanding debt on the property whilst leaving him some surplus cash to make further property investments.

Simon Parkinson

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Simon Parkinson

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Warth Business Centre, Warth Road, Bury BL9 9TB. Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACBF and FIBA. ICO registration reference Z1196910.