A portfolio landlord has taken on a huge loan to consolidate 22 properties across London and Birmingham.

The borrower, a limited company landlord with a 76-property portfolio, needed a lender that could take on all the properties under one loan rather than dealing with multiple lenders and separate facilities.

Working in partnership with Redgate Specialist Finance, Hampshire Trust Bank (HTB) conducted the complex transaction, providing a £3.67million refinance and capital raise for the landlord, consolidating all 22 properties into a single loan facility, without disruption.

The portfolio included a complex mix of leasehold and freehold residential properties, HMOs, purpose-built flats, converted units, and terraced houses.

Some were personally owned rather than held within the limited company, and two needed refurbishments due to damp and disrepair.

Cross-collateral loan

HTB structured a cross-collateral loan on an interest-only basis, fixing the rate for five years over a ten-year term.

Rather than requiring ownership restructuring, HTB took a third-party charge on the personally owned properties.

Andrea Glasgow, at HTB, explained that it delivered a tailored solution that works for both the broker and client.

“The challenges here were significant, but instead of slowing the process, we found practical ways to move forward,” she added.

“Whether it’s a single asset or a multi-property portfolio, we’re always ready to have the conversation and find the right approach.”

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