Buy-to-Let 5-in-1 Complex £4.8M Portfolio deal refinanced in 4 weeks

The Situation:

The client needed to refinance a complex portfolio of 24 security assets across five separate freehold titles, including a broken freehold retained over part of a new build block of flats, three multi-unit blocks of new build houses, and a standard freehold house. The borrowing was needed to clear existing short term finance facilities that were approaching the end of their term, as well as to capital raise for a further development loan proceeding with West One. Time was tight. The client needed to exit the maturing short-term loans before expiry to avoid penalties, which meant speed and certainty of execution were the priority throughout.

The Solution:

Our Bespoke BTL team structured five Buy-to-Let loans totalling £4.8m at an average of 73% LTV across a portfolio valued at £6.56m, each on a 25-year term, completing in just four weeks from application, with two weeks from underwriting to offer and a further two weeks from offer to completion benefiting from working with a dedicated specialist underwriter overseeing the transaction from enquiry stage all the way through to the point of completion. 

Given the complexity of the security, which included a broken freehold with part of the block retained and treated as an eight-unit MUB property, alongside three further multi-unit blocks and a single freehold house our underwriting team worked closely with the client's solicitors and our own legal team from the outset. We held a series of all party calls involving our solicitors, the borrower and the borrower's solicitors to keep every stage of the transaction moving in lockstep and to make sure nothing at legal stage slowed the process down.

The Benefit:

Our bespoke team were able to draw on our established relationships with valuers and solicitors, enabling us to secure valuation appointments at the earliest possible opportunity and keep turnaround times under 24 hours at each stage, without compromising on the thoroughness of our underwriting. For a client managing a genuinely complex multi title security package against a hard deadline, that combination of pace and attention to detail gave the certainty that other lenders may have struggled to match on  a portfolio of this structure.