Hi ,
Posting on behalf of someone who faces the current financial issue.
He has an asset base of 6.4Million in property with a mortgage of 3.2Million.
With whom is it best for him to place his mortgage with as it is a investment mortgage and at the moment his bank are looking to charge LIBOR +1.
I expect worst case scenario bank to give ECB+1 but with his LTV i would have assumed a lot less.
Any ideas who is best bank to talk with and what rate?
Posting on behalf of someone who faces the current financial issue.
He has an asset base of 6.4Million in property with a mortgage of 3.2Million.
With whom is it best for him to place his mortgage with as it is a investment mortgage and at the moment his bank are looking to charge LIBOR +1.
I expect worst case scenario bank to give ECB+1 but with his LTV i would have assumed a lot less.
Any ideas who is best bank to talk with and what rate?
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