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Refinance of Buy to Let

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

[email protected]

 

Simon Parkinson

Contact

Simon Parkinson

Quick Enquiry

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Positive Commercial Finance is a trading name of Business Financial Solutions Limited. Registered in England & Wales 06451075. Registered office address Bedford House, 60 Chorley New Road, Bolton, BL1 4DA . Authorised and regulated by the Financial Conduct Authority (716012). Full members of the NACFB and FIBA. ICO registration reference Z1196910.

We are a credit broker, not a lender. We work with a panel of lenders who may pay us a commission. This amount varies between lenders.

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