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Showing results for tags 'lenders'.
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Hello All, I am considering getting a bridging loan for a flip project. I am interested to hear from people who have used bridging finance for flips. Who was your lender and what was offered in the product? A broker has mentioned a product that offers finance on properties £100k+ at 0.8% a month with a 1% fee, 70% loan to value, 100% refurb cost up to a year I think. I am also wondering if anyone has heard of Think Property Finance and has used them to get short term property finance? They have a similar product but with a 75% loan to value. It would be great to find
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Hi, Has anyone purchased a property cash(BMV), for below £40,000, and then mortgaged property. What value did the lender give ? Obviously lenders have a minimum amount they will lend. Do they give home report(Scotland) value or purchase price? Cheers James
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Hi folks, We are looking at remortgaging my husbands BTL flat (in his name only which is how we'd like to keep it) to release the equity to finance my BTL purchases. However, my husband is paid in Norwegian Krone as he works offshore, although he has always been a UK resident. Our mortgage broker advises that Santander & Barclays won't lend due to Norwegian income & Natwest would only lend the additional capital if my husband were to be named on the new BTLs - which we want to keep in my name only! He therefore advises the only option is to have my- 6 replies
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Hi, Has anyone setup a limited company recently for the purpose of purchasing new BTL properties? For me the accountants I have spoken to have advise setting up an ltd to be more tax efficient but they have also advised checking with lenders on what their criteria would be in terms of how the company is structured etc. I've done some investigating with lenders too and so far have found out the following critieria would be needed: 1. No more than 4 directors. 2. Use one (or all) of SIC codes 68100, 68209, 68320, 68201 3. Personal garauntees to be
