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Limited company remortgages portfolio of 12 properties - April 2013

Keystone Buy to Let Mortgages Case Study Synopsis
The client is a limited company established more than 15 years ago which owns a dozen rental properties all mortgaged under one portfolio.

The properties, all located in the north of England include five HMOs. The three company directors were looking to add a further property using existing equity in the portfolio as a deposit.

Because of their experience as landlords and the strength of their personal incomes, we were able to help.

Instead of remortgaging the portfolio under one loan, keystone Buy to Let Mortgages offered individual mortgages for each property. So far 10 of the properties have been remortgaged.

The remaining two properties are ear-marked for remortgaging once separate leaseholds have been created.
Portfolio value £1,875,000
Loans amount £1,406,250
LTV 75%
Products 5 x Standard Property Buy to Let for Limited Companies
5 x HMO Buy to Let for Limited Companies
Rates 5 x 3 year discounted rate 5.28%
5 x 3 year discounted rate 5.48% respectively
Term 20 year interest only
Lender arrangement fees 2.5%-3% respectively
Warning: Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.