Interest-Only Portfolio Remortgage for a Retiring Landlord in Yorkshire
£1,380,000 · 10 years · 5.35% fixed 5 yrs. A Yorkshire landlord in his late fifties with nine properties was planning to sell down his portfolio gradually over the next decade.
The Client
Yorkshire landlord
The Challenge
A Yorkshire landlord in his late fifties with nine properties was planning to sell down his portfolio gradually over the next decade. He needed to remortgage several expiring fixed deals but wanted interest-only terms to maximise monthly income in the run-up to retirement, with capital repaid through property sales rather than mortgage repayments.
Our Solution
Doulton placed nine properties across two portfolio lenders both comfortable with interest-only on the basis of property sale as the repayment vehicle - a well-established strategy for landlords with significant equity and a credible disposal plan. The low blended LTV of 55% provided clear evidence of equity.
The Outcome
All nine properties on interest-only. Monthly cash flow improved by £3,100 versus capital repayment basis. The landlord has subsequently sold two properties ahead of schedule, using the proceeds to reduce mortgage balances on the remaining seven. Key highlights: Interest-only accepted - property disposal confirmed as exit vehicle; 55% blended LTV demonstrated clear equity position; Monthly cash flow improved by £3,100 - retirement plan intact.