Andover House Purchased with 80% LTV Bridging Finance
UKPulse Property Desk
A three-bedroom semi-detached house in Andover, Hampshire, has been bought for £255,000 using bridging finance.
- A three-bedroom semi-detached house in Andover, Hampshire, was purchased for £255,000.
- The acquisition used bridging finance at an 80% loan-to-value (LTV).
- The property required significant refurbishment, which prevented conventional buy-to-let mortgage financing.
A property investor has acquired a three-bedroom semi-detached house in Andover, Hampshire, for £255,000. The purchase was made using bridging finance, which covered 80% of the property's value.
The house reportedly required substantial refurbishment work. This need for extensive repairs meant that conventional buy-to-let mortgage financing was not an option for the acquisition.