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.
✔ 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)
Property value: £395,000
Loan amount: £296,000
LTV: 75% LTV
Rate: 3.95% 5-year fixed rate
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