houseclearou
Registered User
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- 60
Hi
I'm currently looking at re-arranging loans on two investment properties. The figures are as follows ...
Combined values : 1.2m euro +
Combined LTV : circa 20%
Coverage (rent/mortgage) : circa 1.5
The reason for re-arranging the loans is to take advance of lower rates and to facilitate the raising of further finance in the future (possibly making use of an interest-only facility).
I was wondering what sort of rates people are achieving for low LTVs. I'm fairly confident that I can get ECB + 0.9% but should I be able to do better? What about legal costs and valuation costs of transferring the loans?
I'm currently looking at re-arranging loans on two investment properties. The figures are as follows ...
Combined values : 1.2m euro +
Combined LTV : circa 20%
Coverage (rent/mortgage) : circa 1.5
The reason for re-arranging the loans is to take advance of lower rates and to facilitate the raising of further finance in the future (possibly making use of an interest-only facility).
I was wondering what sort of rates people are achieving for low LTVs. I'm fairly confident that I can get ECB + 0.9% but should I be able to do better? What about legal costs and valuation costs of transferring the loans?