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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.

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.