| Property | Three houses refinanced from a 14-property portfolio |
|---|---|
| Location | East London and Essex |
| Client | Experienced landlord with 14 mortgaged properties held personally |
| Product | Portfolio landlords |
The challenge
The landlord wanted to raise a deposit for another purchase. As a portfolio landlord, every lender would stress-test the whole portfolio, and two properties had low yields that weighed on the overall figures.
What we did
We built a full portfolio schedule, a business plan and a cash-flow forecast before approaching lenders. We chose a lender that assesses the portfolio as a whole, so stronger-yielding properties balanced the weaker ones. Only the three properties with the most equity were refinanced, leaving existing deals on the others untouched.
The outcome
The equity was released in time for the new purchase, with the whole portfolio meeting the lender's criteria.
Portfolio landlord mortgagesFinance for landlords with four or more mortgaged properties, including refinancing and portfolio growth.
Learn moreImportant: Most buy-to-let mortgages are not regulated by the FCA. Your property may be repossessed if you do not keep up repayments, and a receiver of rent may be appointed.