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“Private Finance provided excellent service securing a remortgage for my property even though it was not a straight forward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
“Private Finance worked incredibly hard to secure our business re-mortgage. They were always calm, professional, polite and ready to wade in on our behalf when things stalled. We would happily recommend them, and look forward to maintaining our relationship. Many thanks!”
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“Private Finance provided excellent service securing a remortgage for my property even though it was not a straightforward case. They always kept me updated and was on hand to help and deal with any issues arising. Would definitely recommend Private Finance for their services, offering guidance and support throughout the whole process.”
“Professional and proactive advice and service – secured me an amazing rate on my mortgage. The team were great with their communication and I always felt confident that things were progressing – completely took away any anxiety from a stressful process!”
“Private Finance have been fantastic in finding me the right provider and the right price. We have used them twice now, and both times the communication was fantastic, the options explained, and the rest of the paperwork dealt with. Would highly recommend.”
A portfolio landlord is typically defined as any landlord with four or more mortgaged buy-to-let properties. If you are buying your fourth property and seeking a buy-to-let mortgage, you will be classed as a portfolio landlord.
Since the new Prudential Regulation Authority (PRA) guidelines for portfolio landlords came to play, these landlords now face stricter affordability tests and additional checks including Interest Cover Ratio, tax changes and stress tests on interest rates rises.
On the whole, lenders who are comfortable lending to portfolio landlords will offer the same mortgages to all landlords, whether you own one property or 100. The difference is the underwriting criteria.
Please remember your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Conduct Authority does not regulate commercial finance and some forms of buy-to-let mortgages.
When you are financing a property, the lender will assess your suitability for a mortgage on that property. As a portfolio landlord, the lender will look at your whole portfolio to ensure that the rent you are receiving is less than your mortgage payments. This is known as a background stress test.
Background stress tests differ between lenders. Some will take a combined view, others may look at each buy-to-let separately. This alone can make a huge difference when determining whether a lender will lend on your portfolio.
How you hold the property and the type of property will impact the stress rates and vary to a standard buy-to-let. For example, whether you hold the property in a personal name or limited company, or if you are financing a House in Multiple Occupation (HMO), Multi-Unit Freehold Block (MUFB) or holiday let.
Our experts will analyse your portfolio, consider the background stress tests and how this varies per lender. We work with you to identify the most suitable lender to get the most out of your investments.
With first-hand landlord experience, our expert buy-to-let consultants have the in-house expertise to understand the challenges faced by landlords today. We pair this first-hand experience with vast industry knowledge to help you find an edge in today’s challenging market.
Here are a few reasons why our clients trust us to arrange this niche lending type:
Not only have our consultants arranged thousands of buy-to-let mortgages, but many of them are actually landlords themselves. They use this first-hand experience to understand the nuances of your situation – and then tailor a solution that works for you and your portfolio.
We’re an independent, whole-of-market broker, with strong ties to high-street and private banks, as well as other specialist buy-to-let lenders. We survey the entire market, leaving no stone unturned to find the right mortgage solution for you.
With an average rating of 4.97/5 from more than 1,800 reviews, we offer an outstanding client experience. We insulate you from the rigmarole of the mortgage process so that you can stay focussed on your investments.