28-05-2018, 12:19 PM
Seems to have passed people by on all fora, perhaps due to Sun launch
Refinance of existing LLI loan
£277, 159, 6m
Rate increased from 11.2% to 11.5% reflecting the increase in LTV from 64.4% to 67.3% as the loan has inevitably increased to cover the interest retained for the new loan
Valuation remains the same (new valuation which inculded update info so not just a re-date)
Anyone in previous loan would presumably be happy with this one, only query would be why borrower needs to extend.
Refinance of existing LLI loan
£277, 159, 6m
Rate increased from 11.2% to 11.5% reflecting the increase in LTV from 64.4% to 67.3% as the loan has inevitably increased to cover the interest retained for the new loan
Valuation remains the same (new valuation which inculded update info so not just a re-date)
Anyone in previous loan would presumably be happy with this one, only query would be why borrower needs to extend.