TML assists across multiple refinancing deals worth £6.5m

Tuesday, November 21, 2023

It’s not uncommon for a large portfolio landlord to present complexities in their case, and we at TML endeavour to support brokers and their end clients by navigating these in order to reach the desired end goal.

Recently, we were approached by Sy Nathan from Dynamo on not one, but four different large portfolio cases, each with their own complex structures and needs.

The cases involved a mix of standard buy to let properties and HMO remortgages. From property developers requesting an intercompany purchase, SPVs being set up, refinancing complex buy-to-let portfolios, personal to limited company transfers, and the need for additional borrowing towards onward BTL purchases, we were on hand to manage and support him in getting the desired results for each client. This amounted to refinancing a multi-portfolio worth £6.5million.

With the specialist knowledge from the team, including Alice Baggot, the BDM on the case, and underwriters Diane McLoughlin and Rebecca Lunn, among others, we streamlined the process so that the complicated parts were taken out. This aligns with our ethos of supporting our clients through real life lending.

Louise Apollonio, Head of Corporate Accounts at TML commented: “These cases presented a number of complexities and required specialist expertise in order to tackle each stage. From completing an intercompany purchase to a subsidiary all the way through to undertaking an HMO remortgage. This called on the talents of our BDMs, dedicated underwriters, and portfolio team, all of whom were able to work together to complete the refinancing required for the end clients.

“With complex BTL cases such as this, we take pride in our brokers who work hard to streamline the process so that the complicated part is taken out. This effort is key to TML’s ethos and is testament to the team’s knowledge and strong relationships.”

Sy Nathan, Mortgage Manager at Dynamo commented: “With current market conditions adding pressure on property transactions, it is more vital than ever to be able to rely on strong relationships built over the years. And that is exactly what the TML team demonstrated when working on these cases. Leading up to completion, we faced a number of obstacles, but the proactive approach by Alice, Diane, and Rebecca meant we were able to deliver a positive outcome for our clients. We’re enormously proud of the team effort and grateful to work alongside such a dedicated lender.”

Please note article content was accurate at time of publishing