Refinance 27 Buy To Let Properties In London to Purchase a Residential Property

Area
London
Capital Raised
£7.35M

The Scenario:

A landlord with 27 buy to lets (17 in his name and 10 under his limited company) situated in London wanted to refinance his portfolio in order to raise capital to purchase a new residential property.  The client wanted to raise as much as he could, based on the current rental yield.

All the high street lenders that the client approached were not prepared to refinance his portfolio, as he could not satisfy the lenders’ strict affordability criteria; the lenders were not satisfied that the client had a high enough rental coverage ratio and not every one of the client’s properties were profitable.

Our Solution:

We received instructions from the client and immediately investigated the financial solutions available. Through our strong professional relationship with a private bank, we were able to secure 70% Loan to Value for both his personal buy to lets and limited company buy to let properties.

We were able to ensure that the private bank used a bespoke stress test and considered the client’s personal income (something that the high street banks refused to do). We were also able to negotiate a three year fixed rate, which only had a two year tie in and therefore gave the client the freedom to refinance if they needed after two years.

The financial solution provided the client with £7.35M and ensured that he could find a suitable residential property for him and his family.

Jack Spillane

Finance Broker

Bristol

0117 959 5094

Is your situation similar to this? I specialise in helping clients who need creative development finance solutions, and second-charge mortgages. Give me a call any time and we can set up a detailed discussion of the finance you need.

Mathew Phillips

Finance Broker

Bristol

0117 959 5094

Are you in a similar situation? I specialise in bridging finance at Clifton Private Finance - I will find you the best funding solution for your property transaction.

Alex Chambers

Senior Finance Broker

Bristol

0117 403 4324

Are you in a similar situation? I am a specialist in residential and investment property finance for UK and international clients at Clifton Private Finance. Please don't hesitate to get in touch for a no-cost discussion of the finance you need.

Luther Yeates

Senior Finance Broker

Bristol

0117 244 5561

Are you looking for a similar type of property finance? I have extensive experience finding residential and investment property finance for UK and international clients. Please get in touch and we can arrange a time that's convenient for you to discuss your situation.

Sam ONeill

Senior Finance Broker

Bristol

0117 959 5094

Is your situation similar? I am a bridging finance specialist at Clifton. I can find a quick, cost-effective solution for the funding you're looking for.

Robert Gibb

Senior Finance Broker

Bristol

0117 959 5094

Are you looking for mortgage or short-term finance for residential or buy-to-let property (including HMOs)? I have extensive experience in finding property finance solutions for UK and international clients, both as individuals and limited companies. Please give me a call and let me see what I can do for you.

Adam Arnott

Associate Director

Bristol

0117 205 0214

Is your situation similar to this? I have extensive experience of advising clients who need creative property finance solutions. Please get in touch and we can arrange a time that suits you for a detailed discussion of your requirements.

Contact Us