Client: BTL Portfolio Landlord
Loan Type: Buy-to-let Mortgage
Loan Amount Required: £185,000
Purpose: Capital Raise
A client reached out to us, looking to capital raise 2 buy-to-let flats in their portfolio to assist with further investments. The building, originally purchased as a bank has since been converted into a restaurant with 2 flats above.
The property was on a single freehold, but the client had plans to split the 2 flats onto their own leasehold titles. Due to the client wanting to lend on the flats only, this wasn’t a straightforward case to finance, but not one that Crystal couldn’t source a lender for.
Our buy-to-let experts at Crystal worked closely with the client, their solicitor and the lender to ensure a smooth transfer of the titles. With our help, we successfully secured the client a Buy-to-let Mortgage of £185,000 against the 2 buy-to-let flats, allowing the client to use the funds for further investments to add to their property portfolio.
☀️The Success Story☀️
Loan Amount: £185,000
Term: 10 years
LTV: 52.7%
Client: Happy
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