- The client was seeking a loan for £150,000 to purchase a residential property to be leased out.
- The property was valued at £300,000 with 50% LTV.
- The property needed to be sold and split equally so £150,000 was given to the clients sister.
- There is a detached garage which has been converted into a bungalow, the tenant is already in situ. There will be a separate tenant in the main property also.
- The above loan was approved by the lender at a rate of 2.85% with a repayment term of 20 years.
The above deal is a continued example of the high quality of expertise of all our managers. Here at Key Commercial Finance Solutions Ltd we will always find the best solution for any financial situation and successfully fulfil all our clients needs. If yourself or your clients need any assistance on the above or any other type of finance then please contact the Key team today.