Case Study: Four-way title split for newly converted flats
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Location: Rugby
Loan amount: £150,000 (£560,550)
LTV: 75%
Product: 7-year fixed, EPiC
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A broker approached us about this deal on behalf of an experienced Limited Company landlord, who had recently completed a conversion of this property into eight flats.
They wanted Buy-to-Let mortgages for four of the flats with us, and would create 4 titles, on completion, as part of the application.
For total borrowing of £560,550 we would process each of the properties as a new purchase.
Given the high quality of the refurbishment, the high demand for properties in the area and resulting rental yield, we were happy to support the deal.
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