Cardiff Buy-to-Let Refinance
Loan Type: Buy-to-Let Refinance
Loan Amount: £240,000
Lender: Fleet Mortgages
Location: Cardiff
One of our network partners VAST Commercial Finance have recently completed on a buy-to-let refinance deal!
The clients in this deal were experienced property investors, looking to refinance a multi-unit freehold property in Cardiff, In order to raise additional funds to invest in their portfolio.
The estimated value of the property was £375,000, and it was being rented for £22k pa to third party tenants.
The deal was taken to a selection of lenders but ended up being placed with Fleet Mortgages as they gave the clients access to the maximum funding possible.
Other lenders did offer a cheaper monthly rate, but were ruled out on overall costs for the 5 year fixed period as they were charging higher arrangement fees.
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