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  • Self-employed ex-pat purchases second BTL in London | Mortgages for Business
    Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Self employed ex pat purchases second BTL in London 02 02 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by an ex pat who has been living in Europe for three years who was looking for finance to purchase his second buy to let The property is a two bed flat in a newly built four storey building which the landlord wished to let the flat to professionals The number of lenders we could approach was restricted for two main reasons The client does not live in the UK many lenders see this as a high risk because it can be difficult to establish a complete credit profile Client is self employed most lenders that accept ex pats prefer borrowers to be employed by an international organisation because they are perceived to be less of a risk Thankfully the client still has a reasonable credit profile within the UK and was able to provide accountant certificates proving his income This proved invaluable to the intermediary only lender we approached The fact that the client had experience as a landlord also helped After discussing the most suitable option for his circumstances the client decided to purchase the

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/2016/february/self-employed-ex-pat-purchases-second-btl-in-london/ (2016-02-16)
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  • BTL mortgage at 80% LTV for auction purchase | Mortgages for Business
    Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies BTL mortgage at 80 LTV for auction purchase 02 02 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by a returning client a mortgage consultant and part time landlord looking for finance on a three bed semi detached property to be purchased at auction The client contacted us well in advance of the auction in order that we could get her an agreement in principle We found a lender that was prepared to act quickly and offered 80 LTV on the property subject to valuation Unfortunately the surveyor s report estimated the rental income to be 100 pcm less than that expected by the client This meant that the property didn t fit the rent to interest calculation needed to get the loan From previous experience the client was absolutely certain that the valuation report did not reflect the potential rental value of the property Although time was running out we sourced a different lender which offered similar terms and was happy to complete the deal within the 28 day auction timescale This time the valuation report showed a potential rental income of 75 pcm higher than our client s estimate Just 10 days after the application had been submitted the case completed much to the relief of our client and an amazing achievement for a mainstream lender over the

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/2016/february/btl-mortgage-at-80-ltv-for-auction-purchase/ (2016-02-16)
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  • Full-time landlord sells ex-LA flat to his SPV Ltd Co | Mortgages for Business
    Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Full time landlord sells ex LA flat to his SPV Ltd Co 26 01 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by a full time landlord with a portfolio of 10 properties The client was looking to purchase his individually owned property through his newly established SPV limited company The property is a one bed ex local authority flat located in North London We were limited to the number of lenders we could approach because of the following The buyer and seller are related many lenders will not accept this type of associated transaction The flat was ex local authority and the block was only 40 privately owned most lenders prefer circa 75 to be owned privately The landlords income was quite low and solely from his property investments many lenders do not accept property income and usually have a minimum income requirement of 25k per annum Luckily we were able to source an intermediary only lender to which we have access on a semi exclusive basis whose criteria worked for our client and offered the following deal Property value 170 000 Loan

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/2016/january/full-time-landlord-sells-ex-la-flat-to-his-spv-ltd-co/ (2016-02-16)
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  • Refinance of house converted to 5 flats by inexperienced landlords using SPV | Mortgages for Business
    Rates Loans Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Refinance of house converted to 5 flats by inexperienced landlords using SPV 21 01 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by the directors of an SPV limited company to help them refinance their first investment property The directors are two married couples who live and work in London although none of owns their own home They had set up the company to become part time property developers and landlords Their first purchase was a house on Merseyside which they converted into five 1 bed flats Now they wanted to refinance it in order to recoup their refurbishment costs and release funds for further investment The number of lenders willing to look at the case was restricted because none of the directors owns their own home and they only have limited experience of running a multi unit property However there is one specialist buy to let lender that will consider these cases if the proposal is strong enough so we approached them and the case has been agreed on the following terms Property value 300 000 Loan amount 255 000 LTV

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/refinance-of-house-converted-to-5-flats-by-inexperienced-landlords-using-spv/ (2016-02-16)
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  • Selling personally owned rental property to your SPV Ltd Co | Mortgages for Business
    a father and son who were looking for a mortgage that would allow the father to sell one of his personally owned rental properties to their Special Purpose Vehicle limited company The father is a higher rate tax payer who works in the chemical industry as well as owning several rental properties personally The son works for a high street chain although eventually he plans to run a considerable property portfolio He currently lives with his parents and doesn t own any property personally The SPV was established a few years ago with a view to early inheritance tax planning the intention being to gradually sell the father s personally owned properties into the corporate structure However given the tax changes announced in the Summer Budget and Autumn Statement this decision can now be seen as more than inspired The initial share ownership of the company has been set at 80 20 in the father s favour Adjustments to shareholdings in the future then become easier to enact The property being bought and sold is a 4 bed semi detached house in an East Anglian university town which is let to students and generates a good income Whilst the main focus is for the SPV to purchase the property at full market rate the father is also taking the opportunity to maximise the borrowing The surplus cash raised will be used as a deposit toward the next acquisition by the SPV Having sourced a few different borrowing options the clients opted for a product from a specialist lender that Mortgages for Business have direct access to because They are one of only eight or nine lenders which lend to SPV They are happy to accept transactions where the buyer and seller are related known as associated transactions Unlike many lenders

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/selling-personally-owned-rental-property-to-your-spv-ltd-co/ (2016-02-16)
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  • Landlords sell 3-bed house to their SPV limited company | Mortgages for Business
    short term finance Bridging short term finance Bridging loans Refurbishment finance Auction Finance Residential mortgages Residential mortgages Rates Loans Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies Landlords sell 3 bed house to their SPV limited company 11 01 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by longstanding clients a married couple looking to sell one of their individually owned properties to their SPV limited company where they are both directors and 50 shareholders The property is a 3 bed terraced house located in Brighton which is shared by four professionals The couple had remortgaged and raised capital on another property in order to fund the transaction Unfortunately the number of lenders willing to accept this deal was limited because the buyer and seller are related However we approached a lender that can only be directly accessed by a few brokers including Mortgages for Business of course that accepts related transactions and offers limited company products The clients chose the following product Property value 200 000 Loan amount 150 000 LTV 75 Rate 4 39 3 year fixed Term 20 years interest only Lender arrangement fee 1 5 2 250 Mortgage

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/landlords-sell-3-bed-house-to-their-spv-limited-company/ (2016-02-16)
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  • SPV Ltd Co raises capital on 3 unencumbered flats | Mortgages for Business
    Bridging short term finance Bridging short term finance Bridging loans Refurbishment finance Auction Finance Residential mortgages Residential mortgages Rates Loans Fees How to apply Types of mortgage Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies SPV Ltd Co raises capital on 3 unencumbered flats 08 01 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached by a couple both GPs who were looking to raise finance against three unencumbered 1 bed flats in Bromley owned by their SPV limited company The funds raised would be used as a deposits to purchase more buy to let property The couple were slightly concerned that borrowing in the name of a limited company would be very expensive however we were able to source a five year fixed rate deal at a very competitive rate by limiting the gearing on each flat to 65 LTV Also the application fee of 400 including valuation for each property was much cheaper than that quoted by other lenders which came as a welcome bonus All three applications completed without a hitch Here are the details the same for each of the three properties Property value 300 000 Loan amount 195 000 LTV 65 Rate 3 59 5

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/spv-ltd-co-raises-capital-on-3-unencumbered-flats/ (2016-02-16)
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  • First-time landlord purchases property in newly set up SPV | Mortgages for Business
    Residential Stamp Duty Calculator Research Case Studies Complex Buy to Let Index Buy to Let Mortgage Product Index Buy to Let Mortgage Costs Index Limited Company Buy to Let Index Property Investor Survey Money Markets FAQs FirstRate MFB TV Helping brokers with Buy to let mortgages Commercial mortgages Property development finance Bridging short term finance Case processing BrokerBusiness Case Studies Consulting Buy to Let Lending Mortgage Flow Published Research News Insight Buy to let mortgages Commercial Mortgages Property Development Finance Bridging Short Term Finance Residential Mortgages About Meet the team Our approach Awards Testimonials Careers Contact us 0845 345 6788 Share Case Studies First time landlord purchases property in newly set up SPV 07 01 16 Buy to let Mortgages Buy to Let Mortgages Case Study We were approached a would be first time landlord who was looking to purchase his first buy to let property The client is self employed earning in excess of 25k pa although he plans to build a portfolio of rental properties over time He had set up a limited company through which to make the property purchase but on closer inspection we discovered that the company was set up for general trading rather than a Special Purpose Vehicle for holding property As the majority of lenders that offer products to companies will only lend to SPVs we helped the client set up an SPV The client need the finance to purchase a three bed semi detached house in a popular Welsh town with intention of letting it to families or professionals After offering the client a variety of options he decided that as a first time buyer a two year fixed rate would suit him best The case was straightforward and was processed with ease Here are the details of the deal Property value

    Original URL path: http://mortgagesforbusiness.co.uk/case-studies/documents/buy-to-let/first-time-landlord-purchases-property-in-newly-set-up-spv/ (2016-02-16)
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