Requirements
A broker introduced us to a client who needed funds to pay back an existing bridging loan and raise capital to purchase 5 additional investment properties to grow their portfolio.
Speed was of the essence to ensure that the client did not incur penalties on the existing bridge or miss out on the lucrative investment opportunity.
Solution
We approached a lender that had a track record in completing cases fast and they agreed to provide the funds needed. Valuations on 9 of the 12 existing properties was arranged on the same day with the others following the next day; the report was provided a few days later. The deal was structured as a first charge, buy-to-let remortgage on an interest-only basis.
Both the client and the broker were highly satisfied with the fast and responsive nature of our services and the positive outcome.
Case Highlights
- Loan amount – £1,757,000
- Loan term – 120 months
- Interest rate – 6.29% pm
- Repayment type – Interest only
- LTV – 42%
If you have a challenging mortgage case that requires a quick turnaround then speak to us and we’ll get straight to work…
Contact the Experts
Speak to our team of experts today on 01827 301 070 and see how we can help you complete more cases for your clients.
