Case Study:
Large Buy to Let Mortgage
Requirement: Restructure and Increase a large buy to let mortgage secured against a single high value property in Central London. The extra funds would be used for further property investment. To further complicate, the property was not let at the time of application.
The Solution: An additional 800k was raised to take the full loan to 1.8m. The whole mortgage was agreed at a rate of 2.5% over 3 month LIBOR (circa (3.35%). 6 months interest cover was locked in an account with the lender until a tenant was found, at which point the cash was released.

