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Complex portfolio landlord case

Buy-to-let mortgages


The customer, a portfolio landlord, had purchased 9 properties on the same street 6 months prior.  The purchase was made using short term finance via their SPV limited company.  The properties were then renovated and converted to houses of multiple occupancy (HMO).

The customer needed to refinance the properties onto traditional buy-to-let mortgages to settle the short term finance arrangement.  However, the customer was considering selling 5 of the properties within the next 24-36 months with the remaining 4 to be kept and rented out.


Many lenders have exposure limits so Brightstar needed to factor in several lenders criteria for this customer. The properties were purchased within the last 12 months and the LTV was high at 75% when taking into account that each property was a 5 bed HMO.


Brightstar arranged to refinance all 9 properties with 3 different lenders, with consideration for the customers’ future plans. Therefore, the properties that were earmarked for resale where placed on products with no extended early repayment charges and the remaining 5 were placed on products with longer fixed terms.


READ MORE about the buy-to-let scenarios we can assist with