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Ten remortgages give professional landlords capital to grow their portfolio

Thursday, November 1, 2018

With 122 properties this Irish husband and wife team wanted to raise £400k to grow their portfolio. Ten properties, a mix of two and three-bedroom terrace and semi-detached homes, in Bedfordshire and Hertfordshire provided the means.

With total borrowing of £2m at 75 per cent across the ten properties the couple, in their sixties, secured the capital and moved a step closer to their next investment. All ten mortgages were granted on a five-year fix with an initial rate of 3.59 per cent and rental yields ranging from 4.05 to 4.98 per cent.

Please note article content was accurate at time of publishing