A local Belfast property agent who has been a client for nearly 10 years and has a vast property portfolio which exceeds the number of permissible traditional buy to let mortgages.
University Area Properties
BACKGROUND
SOLUTION
The client needed £280k raised against 4 unencumbered properties to increase his portfolio. We were able to source this money with a secured commercial loan on an interest-only basis at base rate plus 4% with 0.75% fees in total.
This was great news, as the client’s main goal was to get Interest only loans in order to maximise cash flow to reinvest in property.
Finance Required
£280,000
Type of Finance
Commercial Mortgages / Secured Loan
Timescale
