NEW BRIDGE TO LET PRODUCT!
One of our lenders has introduced a new productallowing you to secure your property on a bridging loanand then convert onto a buy to let loan when the property is let. If your property needs a refurb, they will also fund those costs. Why use this product? You will have two loan offers in one facility letter which means you will only have to pay for one valuation and one set of legals. Product Details: LTV: Up to 75% (up to 80% if refurb is required) Bridging Interest Rate: From 0.69% per month Buy to Let Interest Rate: From 5.24% per annum (with a pay rate of 4.49% per annum) Loan Size: £200k - £10m Location: England and Wales Term: You can choose either a 9 month Bridge onto a 9 month BTL or a 1 year Bridge onto a 1 Year BTL.