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Buy to let remortgage for business raising capital on flats above commercial

Buy to let remortgage for business raising capital on flats above commercial

Summary:

The sole director of a trading limited company approached his broker looking to raise capital against two unencumbered flats owned by the business.

Both flats are located within the same high-rise block above an office in central London. He intended to use the capital so that the company could purchase more buy to let property.

Why Keystone:


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

 No debenture, fixed or floating charge taken against trading Ltd Co’s

 Flats above commercial accepted

 High-rise flats accepted

 Broker proc fee: £1,750 (0.7% of loan amount)

Terms offered:

Property value
: £350,000

Loan amount: £250,000

LTV: 71% LTV

Rate: 3.89% 5-year fixed rate 

Lender arrangement fee: 2% of the loan amount (£5,000)

RTI: 125% @ 3.89%

 

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



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