Our clients had owned the property for 30yrs where they developed the security and were looking to capital raise for further property investment.
Security is an unencumbered freehold block of 16 x flats and a block of 2 x flats on the same title, all let to professionals.
The clients resided on a separate title to the front of the property being offered as security and access to the security was via their main residence – this caused issues for some mainstream lenders however we sourced a specialist lender that got comfortable with the case.
Value; £4,816,500
Loan; £2,680,863.90 (56% LTV)
Term; 10yrs
Repayment; Interest only
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VIBE are UK mortgage specialists in property-based finance for all types of commercial and residential property mortgages including protection.
YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOAN SECURED ON IT.
VIBE may receive commission from the lender for the arrangement of your mortgage, this amount will be disclosed on receipt of the lenders offer.
VIBE Specialist Finance
H4 Daedalus Park
Daedalus Drive
Lee on the Solent
PO13 9FX
Phone: 01329 277 599
Email: [email protected]
VIBE Financial Services Limited (Company registration number: 10979822) is authorised and regulated by the Finance Conduct Authority (No.798033) VIBE Specialist Finance is a Trading Style of VIBE Financial Services Limited.
VIBE Mortgages Ltd trading as VIBE Mortgages & Protection (Financial Conduct Authority number 966737) is an Appointed Representative of Complete FS Limited which is Authorised and Regulated by the Financial Conduct Authority number 738129