Case Study
Stacey Forrester, supported by Keagan Cole, recently completed a £78,750 limited company buy-to-let purchase, securing funding at 75% LTV with a rate of 4.76% fixed for two years. The transaction progressed from application to completion in just 32 working days.
As first-time landlords, the clients were looking to purchase a buy-to-let property with a short lease term of only 56 years remaining, which significantly restricted the number of lenders willing to consider the case. To overcome this challenge, the mortgage was structured on a repayment basis, enabling the lender to offer a 14-year term alongside the two-year fixed-rate product.
This approach provided the clients with the opportunity to extend the lease during the fixed period, helping to enhance the property’s value and marketability. It also positioned them to refinance onto a more competitive product at the end of the fixed term, potentially benefiting from both the lease extension and improved lending options.
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