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20-unit MUFB property
PR Team | 03.06.2024
You’re approached by a landlord who wants to purchase a 20-unit MUFB property in an area of London popular with young professionals.
The loan needed to purchase the property is £2.6m with an LTV of 80%.
You think the client’s case could fit as the new property would be part of a large existing portfolio they already hold with us. Plus, we also offer no maximum portfolio size and no maximum loan size, whereas some lenders have limits in place.
Because of the property type, high loan and high LTV needed, you call your field BDM to have a chat about the case. They get the details they need and after speaking with our underwriting team, we’re able to consider it. Our transactional credit committee take a view on the case as it’s over £2.5m and confirm we’re able to progress to full application.
That’s why it’s always worth picking up the phone to speak with our experienced and knowledgeable BDMs. Even if a case doesn’t look like it’ll fit at first glance, they’ll always scratch under the surface to see if we can make it work.
