Corporate BTL: Saving money to support business growth
Fleet Commercial Finance gave us their ambitious brief, and our Relationship Director Myron Klymyszyn, met the challenge with a £6.1m refinance and capital raise.
"The service we received from YBS Commercial Mortgages was excellent."
How we helped
The challenge was to refinance an existing MUFB portfolio loan before it fell on to an expensive SVR with another lender. YBS Commercial Mortgages also supported the client’s business growth, by providing extra funding to purchase several other properties.
The broker’s view
Despite being a complex transaction on the surface, Kevin Beck, Director of Fleet Commercial Finance, was delighted with the case management and outcome for his client:"The service we received from YBS Commercial Mortgages was excellent from both the New Business Team, Underwriters, and the Completions team. Communication between the broker client and lender was very good. It led to a streamlined process, driving the case forward to complete in good time. We would have no hesitation in recommending YBS Commercial Mortgages to our clients for future mortgages."
The deal
Corporate BTL
Refinance and capital raise
Located in St Albans
5 year fixed term, interest only
Loan term 10 years
LTV 75%
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We provided two facilities totalling £1,263,350 for semi-commercial and residential property purchases
Our flexible, relationship-led approach helped the customer overcome an unexpected challenge and continue growing their portfolio.
Ten properties, credit approved in 24 hours and one competitive solution
Credit approval within 24 hours for a complex portfolio and one competitive solution.