Alburys Financials is delighted to announce the completion of a £300K BTL 2nd charge mortgage for one of our experienced landlord clients.
THE SCENARIO
Our clients are well-established property developers with 20 years of experience developing houses and apartments in Midlands and South-East and were looking to raise capital to purchase more properties.
SECURITY
The property was a block of 8 flats in Uxbridge.
REQUIREMENTS
As the client's first charge mortgage had redemption penalties, a second charge mortgage was needed.
OUR SOLUTION
Security Value £ 2M
£300k 2nd charge
65% LTV once taking the 1st charge into consideration
3.75% Fixed 5 years
0% Arrangement Fee
Interest Only
The client is a well-established property developer with 20 years of experience developing houses and apartments in London and the South East.
These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Any terms or rates offered to you may differ and will be subject to status.
If you have any questions or wish to discuss any funding requirements then please don't hesitate to contact us, we’d love to hear from you.