A portfolio landlord with 8 buy to let properties was looking to purchase a flat above a supermarket. The client was purchasing the property from family members at full market value.
The broker approached Keystone as some lenders had declined the case due to the flat being above a supermarket. Keystone will accept this property type and were able to offer the client a 75% loan to value as required.
✔ Portfolio landlords accepted
✔ Flat above commercial - up to 75% LTV
✔ Purchasing from family members
✔ Broker Procuration fee: 0.7% of the loan advanced
Property value: £300,000
Loan amount: £225,000
LTV: 75% LTV
Rate: 3.75% 5-year fixed rate