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Engineer renovates and releases capital to add to BTL portfolio 

Monday, November 22, 2021

Engineer renovates and releases capital to add to BTL portfolio 

A 39-year old sole director of a Ltd Company set up to manage his buy to let portfolio wanted to add to his investments using the value created in three properties that were renovated in the six months he’d had them.

Four applications, three remortgages at 75 per cent loan to value and one purchase at 80 per cent loan to value later the engineer had increased his portfolio from three to four properties, a mix of two and three-bedroom flats in Glasgow. The average rental yield on the four properties is 9.3 per cent and the five-year fixed rates mortgages ranged from an initial rate of 3.99 per cent to 4.72 per cent.

Please note article content was accurate at time of publishing