Working closely with David Johnson and Co, highly respected Solicitors based in Edinburgh, and with access to a wide panel of local surveyors, the company says it is able to ensure a streamlined and fast service, with funds typically available within 5 days of receipt of valuation.
Funds can be used for the purchase of an investment property or alternatively for a refinance of an already owned property. Lowry also funds properties which need refurbishment through its "Express Refurb" product.
Key features of Lowry’s service:
• Up to 70% Loan to Value (Open Market Value) on residential properties- BTL / Investment type properties. (On purchases below market value a minimum of 20% deposit will be required)
• Rates from 1.25%
• No upfront fees
• Extra 0.25% paid on redemption
• Funding for properties needing refurbishment.
• Speak directly to a decision maker
• Market leading commission (typically 1.25%) – Paid on day of completion
Commenting, David Johnson of David Johnson & Co solicitors, Edinburgh, said: “In our view Lowry offers a really effective service for residential property buyers in Scotland - each new instruction pushes us to react in short timescales but with sensible proforma documentation and pragmatic solutions to any issues most purchasers agents up here have been able to work with us to get the deals done quickly and effectively for their clients - we have had no repossession instructions so the loans must be working.”
