Portfolio Refinance of Three HMOs into Single Facility in Nottingham
£1,050,000 · 9 months · 0.91% pm. An experienced HMO landlord had three licensed HMOs in Nottingham each with individual BTL mortgages coming up for renewal.
The Client
Experienced HMO landlord
The Challenge
An experienced HMO landlord had three licensed HMOs in Nottingham each with individual BTL mortgages coming up for renewal. He wanted to consolidate into a single portfolio HMO mortgage but his chosen lender needed two months to process the application across three titles.
Our Solution
Doulton structured a single bridge facility secured across all three HMO properties, paying out the three maturing mortgages simultaneously and giving the long-term portfolio lender the time needed.
The Outcome
All three maturing mortgages redeemed without penalty. Portfolio HMO mortgage completed at month seven, locking in a favourable rate across all three properties with one monthly payment. Key highlights: Three maturing mortgages redeemed simultaneously; Single Doulton facility across all three titles; Portfolio HMO mortgage locked in at favourable rate.
Related Services
The finance products behind a case like this one.
Related Guides
Plain-English explainers if you want to understand the options first.