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Portfolio landlord purchases buy to let flat from family members

Portfolio landlord purchases buy to let flat from family members

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.

 

Why Keystone:

Portfolio landlords accepted  

Flat above commercial - up to 75% LTV

Purchasing from family members

Broker Procuration fee:  0.7% of the loan advanced

 

 

Terms offered:

Property value: £300,000

Loan amount: £225,000

LTV: 75% LTV

Rate: 3.75% 5-year fixed rate


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