Remortgage Of 4 Flats To Buy New Buy To Let Property
Remortgage: Four 2 bedroom flats
Capital raised: £500,000
The clients were directors of a special purpose vehicle company who wished to refinance one of their investment properties, a block of four 2 bedroom flats in Cheltenham valued at £800,000. The clients already held 2 other investment properties in the South West.
The directors wished to refinance and use additional monies form capital raised to make a further buy to let purchase.
The range of lenders looking at this case were limited due to the fact that the property to be refinanced was a multi-unit block of flats owned on a single freehold.
A refinance solution was found for the client by using a specialist lender who accepted multi-unit properties and SPV limited companies.
This highlights the importance of working with an experienced broker who has access to specialist lenders - At Fair Mortgages we can access a range of lenders who will take an entrepreneurial approach to lending.
Call 0117 403 4474 to speak to our mortgage broker team.
Our Buy to Let Mortgage Service
Why choose us?
Fair Mortgages can provide you with a first class service if you are looking for buy to let mortgage advice.
Special features of what we offer include:
Whole of market broker - we have access to most UK lenders
Rates - Access to leading buy to let market rates
Exclusives - Access to exclusive buy to let mortgage deals not available on high street
Our BTL Expertise - Expert help whether you are a first time investor or full time landlord
Credit Issues? - We have lenders who will take into account previous defaults and missed payments
Experienced BTL Investor? - Have a complex buy to let or have a portfolio of 5+ properties? - speak to us
To investigate your buy to let mortgage options call our specialist team on 0117 403 4474 or fill in our call back form.
"The essence of the Fair Mortgages buy to let service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support."
As your buy to let mortgage is such an important transaction, good advice is imperative.