I have access to a lending facility that is offering 85% LTV. It caters for any Investor with a minimum two properties and he/she must not be bankrupt. If you have CCj's or mortgage arrears, it does not matter.

They will fund new builds which includes houses and apartments and will entertain up to a 100% risk in any one block.

We do BMV purchases as well so they are prepared to consider your discounts from the developer. Yes I know, what about the developers having to register purchase prices with Land Reg? Don't worry! we can over come that.

On the 1st of October the LTV will be reduced to 80%, but I think in this climate, it is a fantastic opportunity for those investors who have been battered about by the "Credit Crunch" to start back on the road to recovery.

My colleagues and I can attend workshops with you and a number of your friends and if you have your eyes on any purchases we can sign you up straight away and get you those deals you are dying to lay your hands on.

For further discussion, please do not hesitate to contact me on 07590 220 100.

Andrea,

The link in your signature doesn't appear to work.

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0616

Hi Andrea,

What are the terms of the 85% lending facility, rates/fees etc

Thanks

Chris

Hi Chris

Thanks for your enquiry. Please find as promised costings and the relevant forms associated with this mortgage product.

Fees up front

My consultancy fees = £2000 or 2 % of the loan which ever is greater. This is payable when I have informed you to inform the client that the loan has been approved and they agree to proceed (done my job)

Lenders Arrangement fees = £5,500 on approval. This is payable when the client agrees to proceed and is payable upfront. This is not spread over the term of the loan like the high street lenders do it.


Valuation Fees = £500 is submitted along with the above fees when he/she knows that the loan has been approved in principle and agrees to go ahead.

__________________________________________________ ________________________


On completion

Brokers Fees = £4,000 or 2% of the loan whichever is greater.

Solicitors Fees = £600


Scanned Copies of 2 recent utility bills
Scanned Copies of Drivers licence
Scanned Copy of passport
Scanned Copies of most recent bank statement
Any over draft agreement letters
Proof of Funds
A copy of their credit report. PDF format will do nicely
Any letters of intent to purchase agreements
Spreadsheets of properties to be purchased showing the discounts so that we can work out cashbacks etc.
I will provide you with bank details at a later stage for valuation and lenders arrangement fees.


__________________________________________________ ________________________
OFF SHORE BUY-TO-LET OPPORTUNITY



LENDING CRITERIA:

1) Borrower must own a minimum of 2 properties

2) CCj,s and arrears accepted

3) No bankrupts

4) The rent must be 125% of the monthly mortgage payment

5) All fees are payable upfront

6) Lender instructs their own surveyor, the borrower cannot choose a surveyor

7) The borrower can be an individual, limited company or offshore company

8) Valuations are conducted by UK surveyors.





THE PRODUCT:

1) A buy-to-let product that is second to none in the market place

2) Borrow up to 85% of the property value

3) Developer discount can be used as deposit, stamp duty, legal fees and then whatever is left, you can collect as cash back

4) No need for bridge finance or multiple solicitors because the lender is a 100% fine with developer discounts and incentives

5) The rate is a tracker rate that is currently 4.2%

6) 100% coverage fully accepted by the lender i:e If you have a block of flats which is made up of 50 flats and you wanted to buy the lot, then the lender will lend on the entire 50 unlike conventional lenders who only lend between 20-25% of the entire block.

7) Processing time is between 4-6 weeks





THE BENEFITS

1) Borrow up to 85% of purchase price

2) Developer discounts and incentives are fully accepted

3) Borrower can claw back any excess completion monies as cash back

4) Very low interest rates

5) Adverse credit clients accepted

6) No need for multiple solicitors

7) Sell & Rent Backs



We also cater for Foreign Nationals who wish to purchase in the UK or people in the UK who wish to purchase abroad.

Please note that on the 1st of October the LTV will be reduced to 80%.

You can call me on 07590 220 100.

Thanks

Andrea

Hi Chris

Thanks for your enquiry. Please find as promised costings and the relevant forms associated with this mortgage product.

Fees up front

My consultancy fees = £2000 or 2 % of the loan which ever is greater. This is payable when I have informed you to inform the client that the loan has been approved and they agree to proceed (done my job)

Lenders Arrangement fees = £5,500 on approval. This is payable when the client agrees to proceed and is payable upfront. This is not spread over the term of the loan like the high street lenders do it.


Valuation Fees = £500 is submitted along with the above fees when he/she knows that the loan has been approved in principle and agrees to go ahead.

__________________________________________________ ________________________


On completion

Brokers Fees = £4,000 or 2% of the loan whichever is greater.

Solicitors Fees = £600


Scanned Copies of 2 recent utility bills
Scanned Copies of Drivers licence
Scanned Copy of passport
Scanned Copies of most recent bank statement
Any over draft agreement letters
Proof of Funds
A copy of their credit report. PDF format will do nicely
Any letters of intent to purchase agreements
Spreadsheets of properties to be purchased showing the discounts so that we can work out cashbacks etc.
I will provide you with bank details at a later stage for valuation and lenders arrangement fees.


__________________________________________________ ________________________
OFF SHORE BUY-TO-LET OPPORTUNITY



LENDING CRITERIA:

1) Borrower must own a minimum of 2 properties

2) CCj,s and arrears accepted

3) No bankrupts

4) The rent must be 125% of the monthly mortgage payment

5) All fees are payable upfront

6) Lender instructs their own surveyor, the borrower cannot choose a surveyor

7) The borrower can be an individual, limited company or offshore company

8) Valuations are conducted by UK surveyors.





THE PRODUCT:

1) A buy-to-let product that is second to none in the market place

2) Borrow up to 85% of the property value

3) Developer discount can be used as deposit, stamp duty, legal fees and then whatever is left, you can collect as cash back

4) No need for bridge finance or multiple solicitors because the lender is a 100% fine with developer discounts and incentives

5) The rate is a tracker rate that is currently 4.2%

6) 100% coverage fully accepted by the lender i:e If you have a block of flats which is made up of 50 flats and you wanted to buy the lot, then the lender will lend on the entire 50 unlike conventional lenders who only lend between 20-25% of the entire block.

7) Processing time is between 4-6 weeks





THE BENEFITS

1) Borrow up to 85% of purchase price

2) Developer discounts and incentives are fully accepted

3) Borrower can claw back any excess completion monies as cash back

4) Very low interest rates

5) Adverse credit clients accepted

6) No need for multiple solicitors

7) Sell & Rent Backs



We also cater for Foreign Nationals who wish to purchase in the UK or people in the UK who wish to purchase abroad.

Please note that on the 1st of October the LTV will be reduced to 80%.

You can call me on 07590 220 100.

Thanks

Andrea

Hi Andrea

One of my tasks is to keep the Forum clean and organised. The Introduce Yourself Here section is for newcomers into the Forum. Pls transfer your post to the Member Services Section. Thank you very much for your cooperation.

__________________
Tycoon Forum Support
Vadesha Properties Ltd

Hi Andrea, welcome to the forum!

Its a really useful resource, and most of us are a pretty friendly bunch!

If you are looking Below Market Value Property Leads in your area, you can sign up to our mailing list to get our latest 25%+ BMV Leads delivered direct to your inbox!

Best of luck in the future, and if i can help you in any way just drop me a PM or an email

Matt

BMV Property Investments

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BMV PROPERTY INVESTMENTS - 25% BMV Leads Throughout The UK


Click Here to get our Latest BMV Leads and Deal Updates by Email

Hello Andrea

Congratulations a big warm welcome to the Property Tycoons Forum.

On here you will find like minded people with varying levels of experience who will only be happy to reply to your posts and give you all the help and advice that you are looking for. We are a very friendly and helpful bunch and are very good at sharing information, advice and experiences.

If I can be of any help or assistance to you, then either PM me or contact me through one of my sites.

Wishing you every future success in your property business.

Ron & Ann Horsfall
Ronan Property Services

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To purchase Leads and Deals www.bmvleads.net

www.rent2buyonline.co.uk

www.ronanpropertyservices.com