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Family gift boosts BTL portfolio for Chester based wealth manager

Sunday, January 5, 2020

When a Chester-based 42-year old wealth manager wanted to increase his portfolio of buy to let properties from four to seven he used a family gift and personal savings to buy three new-build one bedroom flats through a limited company of which he is a sole director.

With an average rental yield across the three properties of 5.38 per cent the mortgages were granted at 75 per cent loan to value on a five-year fixed-rate loan at 3.65 per cent.

Please note article content was accurate at time of publishing