Have a landlord client looking to fund improvements to their rental property?

We recently completed a £50,000 first charge buy-to-let term loan secured against an unencumbered property in England. From documents issued to completion, it took just four working days.

Here’s how the case looked:

• Loan amount: £50,000
• Purpose: Improvements to the buy-to-let property
• LTV: 11.41%
• Rate: Five-year fixed, with no early repayment charges
• Legal fees: None
• Solicitor involvement: None

The case met our 125% debt service coverage requirement. A copy of the rental agreement and a bank statement showing a recent rental payment provided the income evidence needed, with no further proof of income required for this application.

Our team assessed the case individually, looking at the property, rental income and your client’s circumstances.

Have a similar case?

Reply to this email or speak to your BDM about your client’s property and funding requirements. We’ll be happy to talk it through.