| Property | 22 terraced houses and flats |
|---|---|
| Location | Liverpool and the Wirral |
| Client | Limited company landlord with loans spread across six lenders |
| Product | Portfolio landlords |
The challenge
The company's loans were spread across six lenders with different end dates, making management and refinancing hard work. Several properties needed minor repairs that could affect valuations.
What we did
We approached specialist portfolio lenders that will take a large number of properties on one facility. We agreed a valuation programme and fixed the repairs before valuers visited. Some properties were valued on desktop or drive-by checks, which kept costs and time down. Early repayment charges on the existing loans were checked so the move happened at the right time.
The outcome
The portfolio moved onto one facility with one end date and a single monthly payment.
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.