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Deal of the Week – Ltd Co BTL Purchase with No ERC’s

Challenge 3mc – Your specialist intermediary mortgage desk

Each week we will provide a worked example for a case from the previous week detailing the information provided by the intermediary for a specialist deal along with the end result.

In this example the 3mc mortgage desk took an enquiry from an intermediary based in Bracknell. The client was looking to purchase a new Buy to Let property within a newly formed Limited Company (SPV) structure and required no early repayment charges from day one.

Following extensive research including using the compare criteria from the 3mc website the deal was placed with the Hinckley & Rugby. The exclusive product had an interest rate fixed at 3.3% for 2 years with a £1,250 lender completion fee.

Join us at The Specialist Lending Event – Free to Attend

Meet the 3mc team that will be exhibiting at The Specialist Lending Event next February in Esher, Solihull, York and Liverpool. Register to come and speak to us on the day!

At these events, expert speakers will address the latest developments in those niche areas such as non-standard lending, complex buy to let, the self-employed market and the growing specialist first-time buyer niche. A panel of the main specialist mortgage distributors and lenders will also discuss seconds, bridging and broader pressing issues of the day and invite questions from the audience.

The Specialist Lending Event will take place at:

5th February – Sandown Park Racecourse, Esher
6th February – The National Conference Centre, Solihull
12th February – York Racecourse, York
13th February – Aintree Racecourse, Liverpool

Delegates participating in The Specialist Lending Event for their CPD can claim 5 CPD hours towards the CII /PFS member CPD scheme
Click here to register for these events