Refinancing 20 buy-to-let properties for portfolio landlord

Capital Raised

Landlords with large portfolios have access to a more limited pool of lenders, but it’s our job to leverage the most cost-effective finance to free up capital for refurbishments and further purchases.

The Scenario

Our client is a fulltime professional landlord with a portfolio of 27 rental properties in Coventry, valued at £5.88M. 

He was looking to refinance 20 of them which were due to come off their fixed-rate deals, and use the equity to continue a programme of refurbishment, and allow him to purchase additional properties that might come available.  

He had a total borrowing of approximately £3M across all the properties in his portfolio.

The issues we needed to address:

  • The exposure for a lender: not all are willing to lend on a large portfolio
  • As a fulltime professional landlord, our client doesn’t have additional earned income, which some lenders like to see
  • The properties are all of a similar type: all three to four-bed houses let to students
  • Additionally, the property holdings are concentrated in one postcode of the city

The Solution

We needed to find a lender who would look at financing this size of portfolio, and who was comfortable with the fact that there was borrowing against each of the properties.

Having identified the most appropriate finance option, and gained agreement, we were proceeding with processing the applications when the lender rang to say that the particular product was being withdrawn at 8pm that evening – and we wouldn’t know if the replacement product would be at a more or less favourable rate until the following day.

All 20 applications were finalised and submitted that day, securing a competitive two-year fix for all 20 properties.

The remaining seven properties were on fairly competitive variable rates. Our client was happy to leave them as they were, having accessed sufficient finance for his present needs - with the possibility of taking up the equity in them at a later date.

Mathew Phillips

Finance Broker


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


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


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


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


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


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.

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