£700k BTL Remortgage Helps Experienced Landlord Expand Portfolio

The Situation:

Already managing five buy-to-let properties, the client was keen to refinance one of their most recent acquisitions (which was funded through a bridging loan) while also raising additional capital to expand his portfolio further.

The property in question was a detached five-bedroom home in London with a market value of £2.35 million. It had originally been purchased with the help of a bridging loan. As that facility reached the end of its term, the urgency to refinance became clear. Unless he acted quickly, the client faced rolling into extended bridging costs with monthly payments averaging £5,500.

The landlord needed a swift and efficient remortgage that would not only clear the bridging loan but also free up capital for his next property purchase. However, the size of the loan and the proposed structure under West One’s W3 pricing initially posed a challenge, raising questions about whether the case could be progressed quickly enough to meet his deadlines.

The Solution:

Working in close partnership with the broker, West One’s sales leadership team and buy-to-let underwriters reviewed the case from the outset to shape a solution that suited all parties. From the start of the underwriting process, the application moved at pace through credit and valuation. A formal offer was secured in just over two weeks, reflecting the collaborative effort and clear communication between all sides.

The case completed on a £700,000 net loan (£734,930 gross). The facility was provided on a 25-year term at a rate of 6.05%, with a conservative loan-to-value of just under 30%. The bespoke approach ensured that the client’s immediate pressure was resolved, and his longer-term objectives were supported.

The Benefit:

By delivering the refinance within a short timeframe, West One enabled the client to clear the bridging loan before further costs were incurred, saving him thousands in unnecessary interest. The additional capital raised also secured his ability to proceed with the next purchase in his buy-to-let strategy. Importantly, the speed and certainty of delivery gave the landlord confidence that his growth plans could continue without disruption.