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Keeping it in the family

Thursday, November 1, 2018

A Ltd company remortgage on four unencumbered properties that were part of a portfolio of 219 provided this Ltd company family business, consisting of mum and dad 67 and son 39, with the capital to expand.

Remortgages on a two-bed flat at 75 per cent LTV, a two-bed flat at 65 per cent LTV, a two-bed mid-terrace at 75 per cent LTV and further two-bed flat at 75 per cent LTV in the Hampshire and Kent commuter belt provided the cash they needed to grow their property empire. All four mortgages were five-year fixed rates with an initial rate of 3.65 or 3.70 per cent based on an average rental yield of 5.44 per cent.

Please note article content was accurate at time of publishing