Our Customers rate us 4.6 out of 5
Experienced Portfolio Mortgage Advisors.
A growing portfolio means growing stress. If you’re looking to simplify multiple mortgages into one, our advisors can find you the right deal. Portfolio mortgage lenders can be difficult to find on your own, but as an experienced mortgage broker we’re on hand to help you find the perfect solution.
Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.
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Bridging Finance Brokers
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Bad Credit Mortgages
When your credit record isn’t the best and you’re struggling to find a lender, we can step in so you don’t miss out on your dream home.
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Need help navigating buy-to-let mortgages? With our help we’ll make it easier than you think, even if you have bad credit.
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Remortgaging doesn’t have to be tricky, whether you are looking to remortgage to consolidate debt, buy another property or finance home improvements.
Finding The Best Portfolio Mortgage Deal For Your Circumstances
As your property portfolio grows, so will the stress and admin of managing multiple mortgages. That’s where portfolio mortgages come in! Portfolio mortgages provide you with a single mortgage across all your properties, which can take the stress out of managing your policies. When finding the best portfolio lender on the market, you’ll need a team of expert mortgage advisors. We specialise in helping investors simplify their portfolios with the most suitable mortgage deals available.
The right mortgage provider can help you consolidate different types of properties into a single mortgage for ease – including multi unit freehold properties, buy to let, and more. They’ll also be willing to offer their portfolio mortgage products to large and small portfolio landlords (so long as you have 4 or more properties). You’re sure to find the right mortgage product for you with the right support. Ready to get started? We’re ready to step in and help.
What are portfolio mortgages?
Portfolio mortgages are aimed at landlords with multiple properties, grouping them all under one mortgage. They are designed to be used by landlords with several buy-to-let mortgages for their buy-to-let properties, through which they collect rental income. This makes the management of these mortgaged rental properties easier.
Due to the terms and regulations being aimed at rewarding investment properties, it isn’t often that you’ll see personal residences being pulled into a portfolio mortgage, although it is possible if you have an existing portfolio and you have agreement from your portfolio finance provider.
The number of properties you need to be given a portfolio mortgage is 4 or more. Upon obtaining a portfolio mortgage, you become what’s called a “portfolio landlord”.
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In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.
What are the advantages of having a portfolio mortgage?
Portfolio landlords enjoy the following benefits:
- Simplicity – Management of your buy-to-let mortgages are all consolidated into one place with a portfolio mortgage, meaning you no longer need to communicate with multiple lenders at once. It also reduces your mortgage payments to one. Having a property schedule on top of this increases your ability to keep track of and create a business plan.
- Flexibility – Portfolio mortgages are held by the original mortgage lenders, meaning you have flexibility as far as the loan’s underwriting and terms go. Also, if you want more buy-to-let properties, you can simply add the property to the portfolio.
- Better Portfolio Mortgage Rates – It’s likely you can work out better interest rates with mortgage lenders with portfolio landlord mortgages.
- Equity – Portfolio landlords can release equity built from their rental properties to finance more buy-to-let properties further.
- Attractive – Having many properties under one mortgage allows the higher-performing rental properties involved to cover for underperforming properties, making you a safer bet.
Turning Your Nightmares Into Dreams
When you think you’ve hit that brick wall and have all but given up hope of finding mortgage finance, When the Bank Says No are here to turn your ‘No’ into a ‘Yes’. We have access to a range of specialist lenders who are willing to help those that the High Street banks just won’t touch. Get in touch today and see how we can turn your dreams into a reality.
How many properties make a portfolio landlord?
If you have 4 or more properties, you will be classed as a portfolio landlord and can apply for a portfolio mortgage. Any less than that and you won’t be able to apply. Landlords also often require portfolios to have a certain value such as £500,000, with the rental income generating around 120-140% of the loan. Your lender will assess the entire portfolio to determine your eligibility and affordability when you make your application.
Does the size of a portfolio matter to mortgage lenders?
Not always. We have connections with lenders who don’t have a limit on how many rental properties you can have in your buy-to-let portfolio. Once you become a portfolio landlord, it may reduce the amount of high-street lenders you can access. However, our specialist mortgage broker team can help you find your way to more specialist lenders who explicitly set out to loan to portfolio landlords. If you want to start simplifying your portfolio today, contact When the Bank Says No!
Frequently Asked Questions
Can I transfer my Buy to Let properties into a Ltd company?
No, you won’t be able to transfer your properties into limited companies. However, there are other options. The best way to proceed is likely to be to have the company purchase the properties from you. You will need to take into account what the implications of these sales will be for stamp duty, legal fees, and any other lender fees. As ever, professional advice is of paramount importance, so make sure to consult with a property tax specialist before making any decisions.
Can I take a single mortgage out on all my properties?
Yes, you can. Though individual Buy to Let mortgages often have cheaper rates of interest than portfolio mortgages, there are numerous downsides. For one, you will have separate applications and the resulting monthly payment fees to deal with for each property – and these can quickly add up. On the other hand, portfolio loans enable landlords to stay organised and simplify the admin involved in managing each mortgage for each rental property. When the loan comes up for renewal, the landlord will only have to service one mortgage, rather than multiple different ones. If you’re looking to get started with your portfolio mortgage, get in touch with one of our experienced property investment mortgage advisors!
Do the properties in my portfolio need to be standard houses?
No, not at all. Lenders will accept multi-unit freehold blocks (MUFB), houses in multiple occupancies (HMO), and holiday lets too. We also have access to commercial and semi-commercial portfolio mortgage lenders. Whatever the exact composition of your portfolio, chat with our friendly team today and we can formulate the best mortgage strategy for you. Finding the most suitable deal for you starts when you pick up the phone or send us a message!
Specialist guidance for portfolio mortgages.
When the Bank Says No has helped owners of multiple rental properties achieve the right portfolio mortgage deal for their needs. We know the benefits portfolio mortgages can provide to property investors of all scales and have supported numerous clients from initial enquiry to the final deal. With us, you don’t have to worry about the additional stress combining all your mortgages into one will bring. Instead, we’ll take care of everything and help you get approved for the mortgage you’ve been waiting for.
What Our customers say about us
Our Customers rank us 4.6 out of 5
We feel so fortunate to have found WTBSN
We found WTBSN after landing in a really tricky situation. We were out of term on our current mortgage and our existing broker had exhausted all options to re-mortgage due to the complex nature of our holiday let property (Grade II listed, timber frame construction and above commercial). Working under considerable time pressure due to the financial penalties being imposed by the existing lender, Brian was relentless in his search for a solution that would allow us to refinance a property that was on face value mortgageable. Thankfully, he didn’t give up and nine months later, we completed on the re-finance. We feel so fortunate to have found WTBSN and would like to thank Brian and the team sincerely for going the extra mile. We couldn’t have done it without you!
Rachel Reeves
Simply the best
I will never use another mortgage broker in all my time In property, these guys are the best at communication, customer service and keeping you informed. They are a level above every other broker I’ve come across and they actually get things done.
Emma, Samantha & Ashley have been fantastic in assisting me with 2 mortgages now and they’re superb at what they do. I wouldn’t hesitate to reccommend them to anybody out there who needs a mortgage sorting.
John Burton
I have been dealing with ben
I have been dealing with Ben @ When The Bank Says No. He has been great!! Professional, kept us up to date the whole way and made the entire process so simple. I would most definitely use him again and have already passed his details on to a family member. Thank you for all your help.
Elise
Thank you for your amazing support
Thank you for your amazing support and service during a really difficult time in my life. 5* is just not enough to demonstrate the level of support received. These guys go above and beyond. A personal service, with kindness and compassion. I highly recommend. If you’re struggling with your mortgage, then have a chat to this team. I cannot thank them enough for everything they have done.
Nabila Fowles-Gutierrez
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