Buy to let portfolio landlords with four properties or more are now defined as professional landlords, since the government changes around tax in 2017.
Due to our experience of dealing with buy to let portfolio’s and the relationships we have developed with lenders we can often arrange: higher LTV’s, better than advertised rates and have access to lenders who take a holistic view on the overall portfolio when lending.
Refinancing as a whole
A buy to let portfolio mortgage is where a number of properties are refinanced at the same time with the same lender. It has the benefits of being on one mortgage account and direct debit, being able to make accurate rental calculations and the ability, if there is adequate equity, to raise extra capital.
Lenders will also take a view on the portfolio as a whole, meaning if there are unusual properties included or properties with low value/low loan amounts, which would not normally be considered for lending, can be in included in the portfolio refinance.
Most buy to let’s are not regulated by The Financial Conduct Authority, please refer to your advisor for full details.