Two Recent Partner Deals
Bridge-to-Term Facility
Completion this week: A developer who had arranged the original finance through our partner wanted to refinance from the bridge onto a BTL term loan.
The deal was for three linked properties, with a total loan of £810,000. With proc fee from our partners Shawbrook and a generous FSA fee, there was a total of £22,092 fee income.
Buy-to-Let Refinance
This month we have also refinanced a BTL property through our regulated route with Virgin Money.
With three applicants and the property being adjacent to the family home, the lender was able to get comfortable that the tenants were not related and agreed to lend £239,000.
The total fee income for this case was £1570.50 and was the AR’s first case over the line.
More About Brokerplan
Brokerplan is a compelling opportunity for anyone looking to generate a significant income from becoming a Commercial Finance Broker.
Established in 2004, bringing years of experience in the industry, we provide all the tools you need to succeed in the industry.
Our expert support and wide range of Finance Broker packages mean that there is an option for everyone.
