Brightstar | SPV limited company with a director that has acquired adverse, adds to portfolio

Objective

An SPV limited company with 15 properties in its portfolio for the last 2 years, and had not add to it since, was looking to purchase a property at £500,000 with a deposit of £125,000 (75% LTV).

Obstacle

One of the directors had 2 defaults that were registered 18 months ago, at a total value of £8,500. The same director had also accrued arrears on various credit cards.

Outcome

Brightstar worked closely with the client, broker and lender and were able to source a 5 year fixed rate product at 4.29% with only a 3 year ERC applicable.

This case is due to complete in April.

READ MORE about the scenarios we’re able to assist with

#madeeasy

Submit your enquiry

Tell us about your enquiry, one of our experts will call you back.

Introducer Name**
Company*
Telephone*
Email*
Are you directly authorised or an appointed representative?*
- DA
- AR
DO YOU WISH TO USE A MORTGAGE CLUB?
- Yes
- No
PLEASE SELECT CLUB
Network name*
Please Specify
How can we help you?*
Regarding*
Regarding*
Any further information?
Privacy Notice*
We want you to know exactly how our service works and why we need your details to proceed.
- Please state that you have read and agreed to these terms before you continue
Communication Preferences for future marketing
We would like to contact you with occasional news from Brightstar. Please tick the boxes below to tell us all the ways you would like to hear from us;
- Yes please, I would like to receive communications by email
- Yes please, I would like to receive communications by telephone
- Yes please, I would like to receive communications by post.
Email
This field is for validation purposes and should be left unchanged.

SPV limited company with a director that has acquired adverse, adds to portfolio

Objective

Obstacle

Outcome

Submit your enquiry

Request a call back