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Buy to let remortgage on recently converted 6-bed HMO

Buy to let remortgage on recently converted 6-bed HMO

Summary: 

The director of an SPV limited company purchased a semi-detached property a year ago and converted it into a 6-bed HMO property.

The client had just 6 months buy to let experience and wanted to remortgage to raise finance for his next purchase.

 

Why Keystone:


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

 

6 months BTL experience needed for lending on HMO or multi-unit properties 

  

HMO’s up to 8-beds

 

Broker Procuration fee: 0.7% of the loan amount (£2,072)

 

Terms offered:

Property value: £395,000

Loan amount: £296,000

LTV: 75% LTV

Rate: 3.95% 5-year fixed rate

 

 

 

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


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