Word On The Street completes £8m BTL portfolio refinance

By Bridging Loan Directory 15th October 2024

Specialist mortgage broker Word On The Street has closed an £8m buy-to-let facility for a returning professional landlord client.

Michael Street, Founding Partner, arranged the loan to refinance a portfolio of large HMO assets in the Midlands.

In addition, £2.4m of the total facility has been raised to fund further property investment.

The loan is at 75% LTV, fixed for five years at 6.59%, a bespoke rate exclusively available through Word On The Street.

The borrower, a long-term client of Michael’s, has a sizable portfolio in the Midlands and has partnered with the award-winning brokerage to structure the finance needed to enable them to keep growing.

Michael commented:

“Our relationships with specialist lenders that are comfortable and commercial in their HMO offering, an asset class that is considered relatively complex, is a huge benefit to our clients.

Access to dedicated underwriting and processing teams means that we can complete seamlessly–all while getting the best possible deal for the client.

It was a pleasure to work with the borrower again, this time to find them a great term product and some capital to keep expanding.”