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Building a portfolio - Jeff and Denise's Story

Jeff and Denise are experienced Buy to Let (BTL) landlords. They own 15 properties with an average Loan to Value (LTV) of 60%.

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Jeff and Denise have been steadily building their property portfolio over a number of years. They are always on the lookout for the right properties to add to their books. The couple are especially keen to expand their portfolio right now whilst yields are attractive and they found two properties in an area that met all their criteria perfectly. They knew that due to the location of the properties they wouldn't stay on the market for long.

However, with all their collateral tied up in existing investments, Jeff and Denise needed to release equity to fund the deposits and make possible these two additional BTL deals.

However, with all their collateral tied up in existing investments, Jeff and Denise needed to release equity to fund the deposits and make possible these two additional BTL deals.

The couple are both self employed and they use the services of an accountant to manage profits in order to minimise their tax liability.

Because Jeff and Denise are experienced landlords, with a proven track record, we were able to help them. We released the deposits required through three remortgages and two new 80% LTV loans on the new purchases.

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Jeff and Denise's mortgages look like:
Property price value £160,000
Mortgage amount £128,000
Loan to value 80%

 

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