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Southend on Sea landlord seeking new investment opportunities

Thursday, November 7, 2019

With a portfolio of four HMO’s and one BTL this 45- year old professional landlord saw an opportunity to expand but needed to release capital before she could make her next move.

Refinancing the whole portfolio, which is made up of three-bed mid terraced houses, at 75 per cent LTV for three of the properties and 50 per cent LTV for one of the HMO’s gave her the £228k she needed. The five mortgages had an initial rate of 3.75 or 3.65 per cent on a five-year fix with an average rental yield of 7.98 per cent.

Please note article content was accurate at time of publishing