Zenith Bank (UK) Limited are able to offer investment mortgages.
Some salient points about the investment mortgage are:
- The investment mortgage is available on an interest only basis as well as on a repayment (capital & interest) basis.
- It is only available to existing clients of the bank.
- The property is to be used as an investment and not for own occupation.
- The loan is limited to 50% of the purchase or valuation (whichever is lower).
- The property must be in Central London.
- A First Legal Charge would be required over the property.
- The minimum loan amount is £500,000 and the maximum is £2,500,000.
- The interest cover is calculated at 125%.
- Assistance with property search and selection (Audley Residential)
Please speak to your Relationship Manager to find out more details.