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The customer had set up a SPV limited company 8 months ago and purchased its first buy-to-let property 2 months after inception. The property was originally an old schoolhouse and the customer had converted it into a multi-unit property with 7 units still on 1 freehold.
The customer was looking to recoup the capital used to convert the property by refinancing at 80% LTV to be able to reinvest and expand the property portfolio.
There were several obstacles with this case, including:
Brightstar managed to obtain the 80% LTV the customer required at a rate of 3.49% on an interest only basis.
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