Our clients (portfolio landlords) purchased the site in 2015 in a limited company name where the ownership was held; 50% personal name and 50% in a trust. They had developed the site to 4 x new build flats and 7 x new build houses.
After selling 1 x flat and 3 x houses, the re-mortgage requirement was for one loan application for the remaining 4 x new build houses and 3 x new build flats all on separate titles allowing the client to capital raise for further property investment.
Loan; £454,500 (% LTV)
Repayment; Interest only