Multiple Buy to Lets

 

Client Circumstances:

  • Wanted to expand their Buy to Let portfolio
  • The client needed to borrow £370,000 to purchase additional properties

 


Issues - The Client:​​

  • Didn’t want to remortgage due to the competitive nature of their current mortgage deals, which would be lost if they changed lender
  • Had very little declared income, which ruled out borrowing money against their main residence
  • Wanted to keep arrangement fees and the interest rates as low as possible
  • The client had been quoted broker fee of £2,995 per property by a different adviser

 

The Solution:​​​​

  • We arranged for Buy To Let second charges across four existing properties. This kept the borrowing on each property under 65% loan to value, allowing us to secure a very competitive interest rate and Interest Only terms.
  • We also agreed a fee of £995, saving the client £10,985.​

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