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Property Investment - Interest only loan

Sector: Property | Value: £95,000
Equipment type: N/A | Term: 10 years

We negotiated a 10 year interest only loan extension for this property investment client.

Problem:

The client's existing interest only loan on its investment property was due to expire. As projected cash flow was tight, a further interest only period was required.

 

Approach:

We spoke to a number of potential lenders involving extensive negotiations, to obtain an offer of interest only finance.

 

Solution:

In the end, the existing mortgage provider agreed to renew the loan for a further 10 years on an interest only basis.