Shawbrook has assisted a professional property investor by orchestrating £150,000 refinance of their extensive portfolio comprising of 11 single-dwelling houses.
The capital raise allowed the landlord to redeem an existing variable rate facility before transitioning to a five-year fixed-term BTL mortgage with Shawbrook at 75% LTV.
By switching from a variable to fixed rate, the client saved money on their monthly repayments.
Shawbrook were able to deliver the funding at speed as the broker submitted the application via the MyShawbrook portal.
An instant IMO with an AVM was issued on 8th June, followed by the FMO supplied on 16th June.
This technology-driven approach assisted in achieving swift and informed decisions, which resulted in the case completing and the funds being released on 30th June.
The capital raise was to renovate some of the properties within the portfolio with energy efficiency upgrades.
The portfolio landlord was able to access a partial discount on their arrangement fee for over a third of their properties, as part of the specialist lender’s BTL energy efficiency discount, saving nearly £650.
The discount applies to all properties with an EPC rating of C or above, and therefore rewarded this landlord for the energy efficiency upgrades.
Lee Albino, regional development manager at Shawbrook, commented: “We’re delighted that we were able to support one of our strategic partners, Watts Commercial, with this refinance case for their portfolio client.
“Our innovative systems and products are designed with professional investors in mind, and working in partnership with a key broker meant we could deliver a fantastic outcome for this client.”
Gareth Butler, senior commercial manager at Watts Commercial Finance, added: “This case highlights Shawbrook’s status as an excellent partner for professional property investors seeking reliable funding solutions.
“It was a great outcome for the client who can now proceed with the plans to enhance their portfolio.”
