What do you give to professional property investors who are maxed out with their current lenders, with over £1m of buy to let mortgages outstanding, a mixed portfolio of houses, flats and new build properties, and who wants to raise capital to secure new opportunities with the option to either sell again quickly or refinance again (if necessary) with no early redemption penalties?……..
Well, that’s the situation a few of our readers found themselves in recently and with a new and innovative mortgage product available from one of the UK’s leading specialist buy to let lenders, they have arranged deals up to £5m with just a 1% lenders arrangement fee added to the loan (note that some lenders charge 3.5%!!) and even with some adverse credit in the background (over 3 years ago) they have further developed their buy to let strategy.
Is 2013 the year of new lenders, new innovative products, new oxygen to the buy to let sector?
We think so for sure and our readers are telling us that our contacts are helping them to achieve what they haven’t been able to in recent years.