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When it comes to financing large complex buy-to-let portfolios, selecting the right lender is crucial. For complex cases you need a safe pair of hands and at West One our individual approach to underwriting means that we review each case on its own merits, ensuring we support clients to secure the purchase or remortgage that they require in a smooth and timely fashion.

Our latest case study, in which we successfully assisted a high-net worth individual with a £6.86m refinance of their property portfolio in just 6 weeks, really highlights the benefits of our flexible approach to portfolio landlord cases.

Key Figures

  • £6.86m Loan Value
  • 75% LTV
  • 3.54% Rate
  • 10 Years Loan Term

What was the situation?

  • The client was the director of a company.
  • Client owns 31 buy-to-let properties and 3 commercial units in a limited company alongside another shareholder.
  • £10m unencumbered residential property.
  • Funds were needed to repay an existing £3.5m facility and expand the company.

What was the solution?

  • Refinance 25 of the clients’ buy-to-let properties (values of the properties varied between £190k – £650k) in order to raise the required £6.8m.
  • Manual underwriting enabled the team to get comfortable with the client circumstances.
  • Overall debt service cover ratio was 127.89%.
  • Significant funds in the client’s company and limited company.
  • Bespoke rate and fee for the client was agreed.
  • Offer of up to 75% LTV.

What was the result?

  • Our pragmatic approach meant West One refinanced of the 25 properties completing in just 6 weeks.

Why West One?

  • Portfolio lending up to £15m per borrower – more than 20 applications or £3m lending by referral.
  • Leasehold Block exposure to 20 units with up to 100% exposure possible – over 20 by referral.
  • No background portfolio stress test.
  • Additional verification (like E-Tech or EDM) is not required.
  • Great turnaround times from enquiry to application and offer.
  • Limited company lending with no rate loading.
  • Fast-track remortgage options to speed up completions.
  • No minimum income requirements.

Find out more about West One’s products here.

Register with West One here.

If you have any questions or would like to discuss a case please get in touch with the West One broker support team:

0333 123 4556