Deal Structure
80% Loan To Value net of fees
Total debt £500k
Interest Rate 5.79%
3% Arrangement Fee
10 years Interest Only
Deal Summary
Our experienced landlord client came to us when his existing financing arrangement was coming towards its expiry date.
He was concerned that since the original loans were put in place, the property in question may have reduced in value and given that he was already at 75% Loan to value, he wanted the comfort of being able to go as high as 80% LTV to give himself plenty of head room.
After researching the market and speaking directly with several lenders we were able to offer him multiple options from lenders who would accommodate the deal.
The client chose to refinance at 80% LTV with a five year fixed rate of 5.79% with a 3% fee (added to the loan) which will enable him to complete the transaction and repay the original debt in good time.
Contact Simon Parkinson
07775 671 680
Contact
Simon Parkinson