Directors of an SPV Limited Company looking to purchase a 6-bed HMO property in Yorkshire.
Two of the directors are portfolio landlords with over 10 buy to let properties between them, the third director owns just 1 other rental property.
The underwriters were happy with the property, clients and the documents provided at the time of application so offered the clients a 5-year fixed product at 75% loan to value.
✔ SPV Limited Companies
✔ Up to 4 directors on application
✔ HMOs up to 8-beds
✔ Portfolio landlords – background portfolio stressed at 125% @ 5.5%
✔ Broker Procuration fee: 0.7% of the loan advanced
Property value: £160,000
Loan amount: £120,000
Rate: 3.49% 5 year fixed
Range: Specialist Buy to Let