The MilllionPlus Private Finance team – with our parent company largemortgageloans.com – is a specialist buy to let portfolio mortgage broker. We can quickly assess eligibility for a large buy to let mortgage and regularly work with portfolio investors facing a variety of complex circumstances. In recent months, we have arranged million plus family buy to let mortgages, multi-million pound buy to let mortgages for candidates over the age of seventy five, buy to let student mortgages, buy to let commercial mortgages and first time buyer buy to let mortgages.
The climate for buy to let property investors has become increasingly challenging in recent years, with the erosion of mortgage interest tax relief, a 3% stamp duty surcharge on buy to let properties and increased regulation due to the PRA tightening the stress testing around buy to let portfolio lending and repayments.
Buy to let mortgage conditions have been in flux, with landlords rushing to remortgage in the face of rising interest rates and looking to secure five year fixed buy to let mortgage deals.
Our team fields a wealth of questions from million plus buy to let mortgage applicants, including simply; how can I get a buy to let mortgage?
How can I get the best buy to let mortgage rates?
What’s the maximum loan to value (LTV) on buy to let mortgages?
How can I get a buy to let mortgage using equity?
Can I change a residential mortgage to a buy to let?
Can I get a buy to let mortgage without any income?
Can I get an interest only buy to let mortgage?
How much deposit to I need to get a buy to let mortgage?
All of these questions and more led us to collate the information into a buy to let mortgage guide, ‘How to get a large mortgage loan as a portfolio landlord’.
Every situation is bespoke and we work with a network of international niche, large lenders to tailor solutions to complex circumstances. Our experienced team can guide you through the process of securing a million plus buy to let mortgage.
Want to find out more? To discuss your expat mortgage or remortgage requirements, contact the MillionPlus Private Finance team on +44 207 519 4950 email us at info@millionplus.com or complete our enquiry form.
An example of our work
Our long-standing clients are buy to let portfolio landlords with a multi-million pound UK property empire, comprised of more than 60 properties.
Mindful of the impending changes to buy to let tax structures, the couple took the significant step to incorporate their business into a newly-formed limited company.
As part of this process, the clients decided to rationalise the number of mortgage providers they worked with.
As existing clients, they called upon the MillionPlus and largemortgageloans.com team with the challenge to work with three or four large lenders.
They also required a ten year buy to let mortgage term, with between 60% and 65% loan to value (LTV) acknowledging the current rent roll.
The team leading the case undertook a lengthy comparison of large lenders to calculate the best buy to let mortgage rates. We held a series of meetings and presented our client’s case, emphasising their considerable experience and record of performance and profitability in the property sector.
We were able to find one lender who was happy to lend against the whole multi million pound real estate portfolio at 63% LTV.
This consolidation of lending simplified our client’s situation, allowing them to consider their next development project, knowing they can face the next decade with financial certainty.
Deal Highlights
Loan amount:
LTV:
Term:
Type:
Loan purpose:
Lender’s arrangement fee:
Early repayment charges:
£7,320,000
63%
10 years
Interest Only
Remortgage
3% of the loan amount
2% of the loan amount for 10 years
Notes
This case study is for information and illustration purposes only. It is not an offer, or suggestion of an offer.
Each mortgage case is assessed on an individual basis and there is no guarantee that the solution described here can be repeated in the future.
The value of property investments and income from them can go down as well as up and investors may not get back the amount originally invested.
As property is a specialist sector it can be volatile in adverse market conditions, there could be delays in realising the investment.
Please note that this specific deal may not be available to – or suitable for – all customers, dependent on their individual circumstances. This document may not contain all the information needed for customers to make a decision and they should seek advice.
Your home or property may be repossessed if you do not keep up the repayments on your mortgage. Changes in the exchange rate may increase the sterling equivalent of your debt.
MillionPlus Private Finance & largemortgageloans.com are trading names of Largemortgageloans.com Ltd, 12 Pepper Street, London, E14 9RP which is authorised and regulated by the Financial Conduct Authority.
The Financial Conduct Authority does not regulate some aspects of buy to let mortgages, overseas mortgages and tax advice.
