We know a lender who will offer you a 100% BTL mortgage and will also consider providing a further £5000 towards the costs of your fees!

How is this structured?

Many of our investors are buying property below its true value in the market. This may be because they have received a builder’s incentive or perhaps they are buying an auction property or a vendor requires a quick sale.

Our lender will consider lending up to 100% of the purchase price plus £5000 on top as long as the total lending does not exceed 85% of the properties value.

Example:

Mr Smith buys wishes to buy a property on the market and valued at £100000. The vendor is desperate to sell and agrees that the property can be purchased for £80000 as long as Mr Smith can complete in 4 weeks.

Purchase Price: £80000
Mortgage loan can equal purchase price plus £5000

Double Check:
Value: £100000
Maximum loan 85%: £85000

In this example the full £85000 can be borrowed on a purchase price of £80,000. This equates to 106% Loan To Value!

With a good credit line you could buy the whole world PLUS 6%!!!!!!! If you're interest then CONTACT MY BROKER or fill out the form below.

Ajay.

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