Steve needed to raise funds for a shortfall on his next buy-to-let purchase. He also wanted to consolidate some debts on his credit cards.

The challenge was to raise the level of capital he needed at nearly 80% loan to value on a Buy to Let property.

First 4 Seconds found a suitable lender that would lend up to 80% LTV on a BTL property. The loan paid out within 8 days from receipt of completed documentation.

Mortgage balance: £298,000

Property value: £510,000

Loan to value: 75%

Loan amount: £75,000

Rental income: £2,100 pcm 

Loan term: 20 years

Monthly payment: £584.21

Annual Rate: 5.99% per annum (Capital & Interest)