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Milton Keynes secretary builds HMO portfolio

Wednesday, November 6, 2019

Two five-bedroom terraced houses of multiple occupation (HMO) in Milton Keynes held the key for a 36-year old self-employed secretary with a portfolio of 19 BTL properties.

Remortgaging in a Ltd company structure at 75 per cent loan to value released £135k giving her the freedom to grow the portfolio. With a rental yield of 12.2 per cent on both properties the five-year fixed rate mortgages both had an initial rate of 3.75 per cent.

Please note article content was accurate at time of publishing