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Trading Ltd Co purchases 2 student multi-lets simultaneously

Trading Ltd Co purchases 2 student multi-lets simultaneously

Summary: Business partners looking to grow their property portfolio with the purchase of two student-lets in Birmingham. The partners were looking to make both purchases via their successful consultancy business.

 

The properties – both non-licensed HMOs are located in close proximity to the local university. Neither applicant has any experience in letting this type of property.

Why Keystone?

Trading Ltd Co’s accepted – Keystone offers the same pricing to individuals and limited companies

No HMO experience required – 18 months’ landlord experience required

HMOs/multi-lets up to 8-beds 

Student accepted as tenants

 

Broker proc fee: £2,100 (0.7%)

 

Terms offered:

Property 1

Property 2

Property value: £265,000

Loan amount: £132,500

LTV: 50%

Rate: 3.59% 2 year fixed

Term: 10 years interest only

Lender arrangement fee: 2% (£2,650)

Property value: £335,000

Loan amount: £167,500

LTV: 50%

Rate: 3.59% 2 year fixed

Term: 10 years interest only

Lender arrangement fee: 2% (£3,350)


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