Case studies: Four recent Buy-to-Let remortgage deals
See our current Buy-to-Let rates and offers here.
We’re expecting a busy year for the Buy-to-Let remortgage market, with landlords pursuing like-for-like remortgages of older properties or capital raises to fund further investments and portfolio expansions.
Here is a look at some of the recent deals we have been funding. Each deal included Title Insurance and for limited company transactions borrowers benefitted from our ILA Waiver, speeding up the deal and saving clients hundreds.
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Nottingham
Loan amount: £147,000
LTV: 70%
Like for like, limited company, remortgage of a standard terraced house with two bedrooms. They take advantage of a 7-year mortgage, with qualifying EPC criteria giving them a cheaper rate through our greener products.
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Milton Keynes
Loan amount: £337,500
LTV: 75%
Capital raise for further Buy-to-Let purchases on a detached four-bedroom house.
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Read more: How lenders can meet the demand for remo business
Southend
Loan amount: £180,000
LTV: 75%
Capital raise for a property purchased 6 months prior. The landlord had spent £17k renovating the property and wanted to refinance to release money against the new value in the property and purchase further properties. Renovations meant they qualified for our two-year EPiC product, saving money because of a higher EPC rating.
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Liverpool
Loan amount: £91,000
LTV: 70%
Capital raise on an unencumbered property to repay a private loan used to purchase another. Five-year standard mortgage for a portfolio landlord.