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Mr and Mrs Gray had built up a portfolio of 48 residential investment properties.

Mortgages on the properties were provided via 11 mortgage providers and the portfolio geared up to an average 58% LTV. Average yield across the portfolio was 7%.

Mr and Mrs Gray wanted to leverage further equity from the portfolio to carry out some major repairs to 15 of the properties and also to give them the ability to buy further units at significant discounts.
We took a detailed look at the couple’s entire portfolio, auditing all mortgage redemptions on the existing finance arrangements alongside an updated valuation audit.

Developing and presenting the executive business plan to three major institutions we negotiated a complete progressive re-finance of the entire portfolio on commercial terms at 3.5% over the bank base rate.

This was enhanced by a rolling £950,000 forward purchase ‘cheque book’ facility to allow the clients to take advantage of future purchase opportunities.

Mr and Mrs Gray’s overall savings on rates added a further £67,000 annually to the bottom line of the business.

M3 Commercial Finance are authorised and regulated by the FCA (FRN:822045) and are appointed representatives of White Rose Finance Group Ltd (FRN: 630772).

Please make borrowing decisions carefully, property or other assets offered as security may be at risk if you cannot keep up with repayments.

* 0% broker fees offered to new clients on first deal only. Terms and conditions apply