Editor's note: This brief was summarised by The Property AI Newsroom from a report by PropertyWire. Read the original article for full details.
Butterfield Mortgages Provides £4.5m for London Buy-to-Let Deal
Butterfield Mortgages Limited has completed a £4.5 million financing deal for the acquisition of two central London buy-to-let properties. The properties are valued at £7 million in total.
According to PropertyWire, the transaction was structured through a holding company and two special purpose vehicles at 65% loan-to-value. This deal highlights ongoing activity in the London buy-to-let market and may be of interest to letting agents and inventory clerks monitoring investment trends and property transactions in the capital.
Source: PropertyWire