Are yourself or your client looking for funding for a Residential Property? Key would like to make you aware of our most recent deal below;
- Experienced Property Investor was introduced too us via the high street as it would not fit the lenders credit policy.
- The client required £360k to assist them with the purchase of a residential apartment block in the North of England.
- The apartment block was fully occupied, consisting of 7 apartments all on AST’s.
- The above deal was financed via a challenger bank.
- Total loan term- 25 years.
- Capital and Interest for fixed 5 years @ 5.1%
- Debt service cover required was lower than the high street and a deposit of 30% was required.
If you find yourself in a similar situation which may not quite fit the criteria of your own lender contacts, then please feel free to contact Key Commercial Finance Solutions Ltd today and we will be more than happy to assist you.