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Case study from West One: £2m commercial bridge completed in 9 days

The Client:

The client was a businessman, who owned several fast-food franchises in the south of England. Their objective was to purchase an additional commercial unit to expand the business by opening a new restaurant under the same chain.

Loan Amount: £2,198,000
LTV: 70%
Portfolio Value: £3,140,000 (4 securities, mix of residential and commercial)
Loan term: 6 months
Completed in: Completed in 9 days

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1538751846987?id=tinymce_image_uploadOctane Capital significantly reduces rates for deals over £1.5 million

• This year Octane will be making four major changes to their offering. The first is a significant reduction in rates for deals above £1.5 million.

At maximum LTVs
• Bridging and developer exits – rates will be reduced to the range 0.5% - 0.6% per month
• Refurbishment loans – rates will be reduced to the range 0.5% - 0.68% per month

• They will continue to structure deals in the same way - and are completely flexible on fees, procuration fees and loan terms giving the broker control over where the rate sits within this range.

Find out more.

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Vida Homeloans launches new BTL and limited edition products

• Vida have slashed rates on their Vida 1 product for 70% LTV on both Standard and Fee Saver ranges by up to 0.25%. 2 year rates now start from 2.94% and 5 year rates from 3.44%.

• They’ve also introduced a new limited edition Vida 1, 5 year fixed BTL product. The product features a 3.49% rate with a fixed fee of £3,495, available up to 70% LTV, up to £500,000.

Find out more.

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When you place a case through Connect, our dedicated team of advisers will find the right products from our extensive panel of lenders that could work for your referred clients. Working with Connect means you'll also have access to many exclusive and semi-exclusive deals.

Do you have a client who could benefit from these offers?
Let us know or call us on:

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Connect for Intermediaries is a trading style of Connect IFA Ltd which is authorised and regulated by The Financial Conduct Authority. The Financial Conduct Authority do not regulate all of the products and services that we offer.

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Connect Mortgages · 39 Station Lane · Hornchurch, RM12 6JL · United Kingdom