Project Background:
An experienced portfolio landlord with 24 buy-to-let properties and over 30 years in property was continuing to expand into the assisted living sector, acquiring HMOs let on long-term leases to care providers.
Having completed a successful transaction previously, the client returned to fund the next phase of portfolio growth.
Challenge:
The client required funding across three small HMOs, all supporting residents with learning disabilities, mental health conditions and other social care needs.
Their objectives were to:
- Transfer both from personal ownership into an SPV
- Refinance a third property to release equity for onward investment
- Secure competitive pricing while retaining flexibility for future expansion
- The refinancing also needed to improve affordability and better align with the client’s long-term investment strategy.
Solution:
A cohesive funding structure was agreed across all three properties:
- Two HMO purchases funded at 76.5% LTV
- One refinance at 76.4% LTV, including equity release
- Five-year fixed rate at 6.49%
- Interest-only during the fixed period
- 28-year total loan term
- Green Cashback Reward applied where eligible
- Updated affordability criteria enabled the refinance to be moved away from a larger bank, delivering improved value and flexibility to support future growth.
Outcome:
The client successfully acquired two assisted-living HMOs within their SPV, releasing equity to fund further portfolio expansion. The transaction consolidated the portfolio under a single SPV structure, supporting continued investment in the social care sector. This repeat transaction reflects a strong working relationship and a well-structured approach designed for long-term growth.
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† saving based on annualised interest rate saving where deal optimiser service negotiated a lower rate than lender’s published rate, based on current average saving of 0.9% and average loan £1051785. Time saving based on automated versus manual bespoke rate requests.