77% Loan To Value Buy to Let
Loan Amount £2.9m
Interest Rate 4.34%
2% Arrangement Fee
10 years Interest Only
Our experienced Landlord client came back to us when his existing Buy to Let financing arrangement was coming towards its expiry date.
He was concerned that since the original loans were put in place, some of the properties would actually have decreased in value, given the market uncertainty. Given that he was already at 75% Loan to Value with his current lender, he wanted the comfort of being able to secure as high as 80% Loan to Value buy to let mortgage, to give himself plenty of head room.
After researching the market and speaking directly with several lenders we were able to offer multiple options from Buy to Let Mortgages from lenders who would accommodate the deal, in principle. We worked closely with both the lender and our client throughout, enabling a timely completion of the transaction and repayment the original debt in good time.