A broker approached us for help in finding a provider that would accept a landlord with a large portfolio (80+ properties) who required finance for his SPV limited company.
The client was looking to remortgage a two-bed flat in a Derbyshire town, so that he could raise finance to make further BTL purchases.
Keystone were able to offer the client the following deal.
Property value: £96,000
Loan amount: £62,400
Product: 5.14% term tracker
Term: 25 years interest only
Rental income: £595 pcm
Gross yield: 7.4% pa
Mortgage payment: £267 pcm (£1,716)
Lender arrangement fee: 2.75%