The Client
Our client was an experienced professional landlord looking to grow their buy-to-let portfolio with the purchase of another property through a limited company.
They had identified their next property and were looking to purchase it through a limited company, adding another buy-to-let to their existing portfolio.
They required £401,250 to complete the purchase and wanted a mortgage that provided flexibility over the next two years.
The Challenge
The finance needed to support both the immediate purchase and the client’s wider approach to managing their property portfolio. Key considerations included:
- Limited company purchase: The property was being purchased through a limited company, so the mortgage needed to be suitable for this ownership structure.
- Flexibility: The client wanted to avoid being tied into a fixed rate and retain greater flexibility should interest rates change.
- Portfolio strategy: The mortgage needed to fit with the client’s wider plans as an experienced landlord continuing to grow their property portfolio.
The Solution
With flexibility an important part of the client’s plans, we arranged a £401,250, 2-year tracker buy-to-let mortgage on an interest-only basis.
Rather than fixing the mortgage rate for the full two-year period, the tracker product meant the rate could move in line with the relevant underlying rate.
The interest-only structure also suited the client’s requirements for this particular investment and their wider portfolio strategy.
The Outcome
Once the finance was agreed, the client was able to move ahead with the limited company purchase and add another property to their buy-to-let portfolio.
By looking beyond the initial purchase and considering how the mortgage could fit with the client’s plans over the following two years, we were able to secure a solution that provided the flexibility they were looking for.
“For this client, it wasn’t simply about securing the finance to purchase another property. We looked at how the mortgage would fit with their wider portfolio and plans and found a solution that gave them the flexibility they were looking for over the next two years.” James Adkin, Associate Director
Why Choose Capital B Property Finance?
We regularly work with professional landlords looking to grow and manage their property portfolios.
For this client, the right mortgage structure provided the flexibility to move ahead with their next purchase while considering their wider portfolio plans.
Thinking about what’s next for your portfolio? Get in touch to chat it through.
