Mortgage 50% LTV on properties commercial

[ecstatic]

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?

 

[ClubMan]

Moved from Mortgages and Buying and Selling Homes.

 

[ecstatic]

this is about mortgages clubman surely it should be in mortgage section ?

 

[ClubMan]

No - that forum is for homeowner/owner occupier issues*. Your query relates to investment properties/mortgages.

* Maybe the strapline needs to make this clearer.