Case Study –Large Portfolio Remortgage
| Value | £4,200,000 |
| Loan Amount | £2,050,000 |
| Location | Essex |
| LTV | 49% |
| Achieved Rate | 2.99% |
The Situation
Our client, an experienced landlord, held a sizeable portfolio of over 25 residential and semi-commercial properties, spread across several SPVs and individual names. The portfolio had evolved organically over time, with borrowing structured across multiple lenders, rates, and product terms. While the underlying assets were performing well, the financial architecture had become fragmented and administratively inefficient.
In parallel, the client was actively exploring new acquisitions and wanted to better utilise the substantial equity embedded across the portfolio without triggering multiple refinances or early repayment charges.
The Challenge
The core issue was one of financial inefficiency. Although the portfolio’s loan-to-value stood comfortably below 60%, the current borrowing arrangements were costly and inflexible. Several mortgages were due to expire within the next 12–18 months, others were subject to high SVR or legacy terms, and early repayment on certain properties would have incurred prohibitive penalties.
Key challenges included:
Managing different repayment profiles across lenders and entities
Preparing lender-ready documentation across SPVs with mixed accounting cycles
Balancing capital release with long-term retention strategy
Minimising disruption to tenant relationships and property cash flow
Additionally, with rising interest rates and lender caution in the market, timing and structuring were critical to preserve optionality and deliver a competitive outcome.
The Solution
Rather than approaching the case as a remortgage of individual loans, we reframed it as a strategic portfolio optimisation.
Working with the client’s accountant and legal team, we undertook a full audit of the borrowing profile, cross-referencing current terms, redemption windows, and portfolio-wide rental income. This allowed us to model a phased, tax-efficient refinance approach across a new, consolidated lending facility.
Key actions included:
Structuring a portfolio mortgage facility with a private bank, secured against a cross-section of high-performing assets
Releasing equity from unmortgaged properties to fund both immediate growth and reduce higher-cost debt elsewhere
Aligning the refinance to the client’s wider succession and asset protection strategy
Preparing a lender-facing proposal highlighting consolidated income, indexed valuations, and business continuity through SPV structures
Crucially, the facility offered capital raise, full interest-only terms, and flexible overpayment options without tying the client into a rigid repayment plan. This created a future-ready structure from which further acquisitions or disposals could be executed without compromising financial flexibility.
Outcome
The client now operates a simplified, fully optimised borrowing structure across their portfolio, with a lower average cost of capital, enhanced liquidity, and fewer administrative burdens. The remortgage did not just secure improved pricing, it repositioned the portfolio for long-term scale and control.
This case exemplifies how large portfolio remortgages can and should serve broader strategic objectives. When structured intelligently, finance becomes a tool for leverage, not a limitation.