Allows a term loan on a property being purchased below market value
Why this offer is different?
Whatever the reason for a property being sold below market value; for example, a quick sale or at auction, the options for lending are limited. The new exclusive BMV product offers clients a 5-year term loan on day one, based on the current market value, without the need for a bridge.
This offer is semi-exclusive to Connect and is available with a maximum discount of 30% of the Current Market Value.
And there’s more
- Experienced Landlords who have owned a minimum of 3 BTLs in the previous 12 months
- Speed, minimal documentation and streamlined processes help clients to secure loan quickly
- Standard residential properties & HMOs/MUFBs (max 6 units)
- Additional security can be used to increase the loan amount
- Removes the need to apply for a 2nd loan as an exit at a later date
- Refurbishment options available
- There is only one set of legal fees
All you need to know
