The Lendco large loan facility is here to help you and your borrowers
Here are a couple of recently completed transactions:
Specialist Lending – Case Study
- Loan – £2,152,500
- Property Value – £3,075,000
- LTV – 70%
- ICR – 169%
- Rate 5.79% with 5% Fee
- Developer exit on to term BTL
- 9-unit MUFB, located in South Croydon, all units let on completion
Specialist Lending – Case Study
- Loan – 3 x £1,387,500
- Property Value – 3 x £1,850,000
- LTV – 75%
- ICR – 147%
- Rate 5.89% with 5% Fee
- Refinance of bridging loan
- 3 x 6-unit HMOs located in W14, fully refurbished by borrower, all fully let
As a reminder:
- £5m max loan per asset
- £20m max exposure per borrower
A few of the (many) USPs:
- Multi-unit freeholds or leaseholds
- No upper limit on number of units within a multi-unit asset
- HMOs to 20 bedrooms
- Complex structures – trusts or share purchase transactions
Following the recent reductions for HMO and MUB assets, they are pleased to announce that they are following suit by introducing keener pricing for single BTL assets – 5-year fixes now start from just 4.89%.
They have also made changes to the HMO and MUB products, extending the cheapest 5-year products to loan sizes of up to £2M.
To discuss a case call 0330 127 0000
or email newbusiness@allmoneymatters.co.uk
Refer your case to us call 0330 127 0001
or email info@allmoneymatters.co.uk
