Property Investment
Requirement / Background
Client told by other finance brokers – What they want to do isn’t possible:
-Complex ownership structure with a Director who wasn’t a shareholder
-Director not allowed to be on the application form or provide any details
-Shareholders unwilling to provide Personal Guarantee’s
-Multiple Flats on one single freehold
Facility type
Buy to let – property investment
Incumbent facility size
£330,000
Empire Capital Solution
£500,000 – 75% Loan to value, No PG’s, and obtained agreement not to use Director
Interest Rate
4.65% fixed 5 years
Other Charges
Lender Arrangement Fee – 1.75% (added to loan)
Outcome & Conclusion
The incumbent brokerage is well known in the industry, and it wasn’t a straight forward proposition. However ECS conducted an immediate customer appraisal and approached approx. 12 lenders, of which 2 provided exactly what the customer required.
We provided a Bank AIP within 24hrs of being introduced to the client.
ECS simply work smarter and harder, and we got the job done!