Our applicant, a landlord with two existing BTL investment properties, wished to purchase a basement flat situated beneath a Turkish restaurant in South London. UTB are more relaxed than many other lenders about locations of investment properties and their proximity to commercial premises.
With an estimated value of £450,000, we were happy to provide the £215,000 BTL mortgage required to enable our customer to complete their purchase.
| Why UTB? | Unusual stone property; applicant with minor adverse |
| Product | Interest-Only Mortgage |
| Loan Amount | £175,000 |
| Special Features | Applicant close to retirement expects to continue Working in to 80s. Affordability assessed on the interest only monthly repayment as opposed to the capital and interest |