Summary: A full-time city worker looking to raise capital against his sole rental property. He planned to use the capital raised to purchase a further buy to let property via his SPV Ltd Co. The property in question is a new build flat within an 18-storey block in West London.
✔New build flats and houses accepted
✔Same pricing for individuals, SPVs and trading limited companies
✔Flats in high rise blocks accepted
Broker proc fee: £3,220 (0.7% of loan amount)
Property value: £620,000
Loan amount: £460,000
Rate: 3.99% 5 year fixed
Term: 25 years, interest only
Lender arrangement fee: 2% of loan amount (£9,200)
RTI calculation: 125% @ 3.99%
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