Our clients had purchased the security 6mths prior for £195,000 and had spent £114,151 on refurbishing the property to a 6 bed licenced HMO with an end value of £410,000 (investment value) A private investor had a first charge over the security which the clients were looking to repay and capital raise for further property investment.
Security; 6 bed licenced HMO
Value; £410,000 (investment value)
Loan; £307,500 (75% LTV)
Term; 10yrs
Repayment; Interest only with 15% capital repayment
Our client was looking to purchase a long leasehold flat in London in a limited company name to add to their existing portfolio.
Value; £450,000
Loan; £337,500 (75% LTV)
Term; 30yrs
Repayment; Interest only
LOAN 1
Value; £575,000
Loan; £396,000 (69% LTV)
Term; 7yrs
Repayment; Interest only
LOAN 2
Value; £585,000
Loan; £396,000 (68% LTV)
Term; 7yrs
Repayment; Interest only
LOAN 3
Value; £575,000
Loan; £431,250 (75% LTV)
Term; 7yrs
Repayment; Interest only
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.
Value; £760,000
Loan; £454,500 (% LTV)
Term; 5yrs
Repayment; Interest only
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
Our clients were looking to purchase 5 x long leasehold flats in a new build block of 8, all on one loan application for ease and in a limited company name;
Purchase price; £2,350,000
Loan; £1,470,183 (62.5% LTV)
Repayment; Interest only
Term; 10yrs
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VIBE are UK mortgage specialists in property-based finance for all types of commercial and residential property mortgages including protection.
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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