We were approached by a broker whose client had just completed a series of six flats in a converted house. His main challenges were finding a lender who would lend to his subsidiary SPV as well as on all six flats at 70% LTV, which would then allow him to repay the development finance used for the conversion.
One of our Business Development Managers worked closely with this broker. We were able to find the right solution for their complex buy to let case which allowed them to exit expensive development finance.
✔ Recently converted property
✔ Subsidiary SPV
Rate: 3.39% 5 Year fixed.
Range: Larger Loan Special