Auto/Auto IF-ISA 1%, 2% or 3% Cashback Boost (T&C’s apply)

Don't invest unless you're prepared to lose money. This is high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

A-client-increases-their-investment-portfolio-with-a-loan-of--400-000

A client increases their investment portfolio with a loan of £400,000

The Challenge

Our client has a portfolio of investment properties and required £400,000 to complete the purchase of a further four-bedroom residential investment property in Slough requiring renovation. Once the renovations are complete the client will be renting out the property.

The Solution

As the property was unencumbered we were able to take a 1st Legal Charge over the property, and agreed a loan for 12 months, allowing the client time to complete the renovations, rent out the property. The client’s exit strategy is to obtain long-term finance from a mainstream lender.

Deal Breakdown:

Funds required: £4000,000
Time taken to complete: 21 working days
Loan duration: 12 months
LTV: 52%
Security: Four-bedroom residential property in Slough
Charge: 1st Charge
90 Day Valuation: £760,000

The client approached Kuflink as they knew us and were confident that we would be able to provide the finance in time.

Facebook
Twitter
LinkedIn
Business Moneyfacts
Moneyfacts two time winners
SFI Awards
Commend p2p Provider of the year
PWA-Logo-CMYK
BC-P2P-Award