Birmingham Buy to Let Purchase

Earn £100k+ through Brokerplan – Your Future In Commercial Finance
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Brokerplan

  Opportunities:
In the UK
  Business Type:
Business Opportunity
  Minimum Investment:
£6,995
  Training Provided:
Yes
  Home-based:
Yes
  Part time:
Yes

For this project, the client wanted to purchase a six-bedroomed HMO (house of multiple occupants) in their limited company. The Birmingham property has two kitchens and is spread over three floors, it needed to be valued ASAP as the agents had had have a lot of interest in this property.

The loan required was £262,500 and the purchase price of the property was £352,500

The Brokerplan partner approached Precise Mortgages, who declined due to the property layout, then it was discussed with Fleet Mortgages who, due to COVID restriction, couldn’t guarantee when they would be able to get a valuer.

The case was then discussed with Shawbrook Bank, who found the property acceptable and could instruct valuation quickly via their online system. The client was happy to proceed with Shawbrook Bank on this basis, as the interest rate was not his priority but speed in valuation.

The Brokerplan Partner who successfully managed to close this deal earned £4,388.26 in net commission.

This case displays the value of a commercial broker who understands the lending and criteria and funders who operate in this market. At Brokerplan we provide both initial business launch training and ongoing training and support to help facilitate and improve our Broker’s knowledge of current products and criteria to ensure they are able to find the best solutions for their clients.

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