Buy to Let Mortgage at Low Stress Test for London Yields

Buy to let mortgage at low stress test for London yields

Area
East London
Capital Raised
£550K

The Scenario

Our portfolio landlord client needed a BTL mortgage as his exit from a £350K bridge arranged six months previously.

He’d bought a nice little terraced house in London’s desirable Walthamstow valued at £500K. Having completed a light refurbishment throughout and put in an attic conversion it was now valued at £725K, . He wanted to raise an additional £200K on the uplift in value to finance his next project.

The Solution  

London’s high property prices mean rental yields are comparatively low compared with the rest of the country. With every property a portfolio landlord owns needing to show positive returns, we introduced our client to a lender who would stress rental returns below the standard for high street banks: at 125% rather than 145%.

We got him a 30-year term, interest-only, at a rate of 3.29% for a five-year fix (avoiding the additional 2% loading common from high street lenders).

REVIEW of mortgage broker Mat Phillips

Simon Mullins

Finance Broker CeMAP

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Paige Dumpleton

Finance Broker CeMAP

Cardiff

0117 959 5094

Are you looking for a similar type of property finance?

As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you.

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Jonathan Moffatt

Head of Business Finance

Cardiff

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Alex Morris

Private Client Adviser

Bristol

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Scott Dutfield

Finance Broker

Cardiff

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As a specialist bridging adviser at Clifton Private Finance, I can take a holistic view of your situation and find the right finance solution for you. Book a free telephone consultation with me at a time to suit you

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Carly Cheeseman

Head of International

Bristol

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Nick Kerley

Finance Broker

Cardiff

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Louis Levine

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Sam Baker

Finance Broker

Cardiff

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Fergus Allen

Senior Finance Broker

Cardiff

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Jacob Phipps

Finance Broker

Bristol

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Jack Spillane

Finance Broker

Bristol

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Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need. customDatabaseField-8455

Mathew Phillips

Senior Finance Broker

Bristol

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Alex Chambers

Senior Private Client Adviser

Bristol

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Luther Yeates

Senior Finance Broker

Bristol

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Sam ONeill

Senior Finance Broker

Bristol

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