Low loan to values / Buy to let portfolio / Restructured / Portfolio landlord to non-portfolio landlord

I’ve got a portfolio that needs tidying up and being made more efficient! Where do I start?

The challenge

Our client had a lovely buy to let (BTL) portfolio of various houses which all had mortgage on but were very lowly geared, and the paperwork and remortgages of so many lenders was an inconvenience. He was also missing out on access to certain lenders as he was deemed as being a portfolio landlord.

The solution

Generally speaking the mortgage rate won’t change anywhere up to 60% loan to value, so we were able to consolidate a number of the buy to let mortgages to only a few properties, leaving a large number of them unencumbered, and completely outside of most lenders’ definition of a portfolio landlord which only generally includes ‘mortgaged’ buy to lets.

As we restricted the borrowing most of his were no longer categorised as such, giving him access to lower rates with lenders who only lend to non-portfolio landlords.

It also meant he only had 3 buy to let mortgages to remortgage rather than the 8 he had before. This also in turn meant 3 lender arrangement fees each time rather than 8!

After thought

We are experts at rebalancing and analysing buy to let portfolios. This is often in concert with your accountant and solicitor (or our network if it’s required), giving you a team of experts to ensure you have the most efficient portfolio from a finance point of view. We love navigating the lending nuances to assist our clients!

Other case studies

David was absolutely amazing, from helping us find the right mortgage, to advising us, to being on hand for silly questions we had. Nothing was too much trouble for him. I will absolutely be recommending him to our friends.

Frederica Turner