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Buy to Let remortgage for an SPV Limited Company within 6 months

Buy to Let remortgage for an SPV Limited Company within 6 months

Summary:

Two Directors of an SPV limited company purchased a semi-detached property using bridging finance due to the condition of the property.

 

The subject property required a major overhaul and refurbishment which was completed by an independent contractor prior to the remortgage. 

 

 

 

 

Why Keystone:


 Same pricing offered to individuals, SPV and trading Ltd Co’s

 

 No debenture or fixed and floating charge taken from the company

 

 Remortgages within 6 months to a maximum of 100% of PP, refurbishment and purchase costs but not exceeding 75% of new open market value.

 

 No maximum age for Directors

 

 No minimum Income

 

 Broker Procuration fee:  0.7% of the loan advanced

 

Terms offered:

Property value
: £140,000

Loan amount: £105,000

LTV: 75% LTV

Rate: 3.15% 2-year fixed rate 

Total Spend on the project by client £119,269

 

Similar case to place? Call us today on 0345 148 9086 or send us an email.



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