BTL – Total loan £38k
The situation: An existing client wanted to expand his property portfolio and buy a new property with a business partner. Purchasing this small buy to let in North East England was a complicated case due to two separate applicants operating two completely separate businesses, therefore having to evidence various types of income.
The solution: The case was agreed, and after working with both clients and ensuring that a quick valuation was instructed, the case offered for a loan of £38,500.00 with a high street lender on an interest only basis. Achieving a rate of fixed rate of 3.39%.