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by Narinder Gill on 23rd June 2022

BTL portfolio

BTL portfolio

Client details: Narinder assisted in providing a £2.8m facility for a large portfolio landlord during the technically difficult incorporation of her Buy To Let property portfolio.

Property details: A combination of single self-contained flats and HMOs in the Kensington, Bayswater, and Chelsea area.

Reason for finance: The client was now feeling the full effects of Section 24. They wanted to incorporate their portfolio to minimize their tax liability and strategically change the ownership of their investment properties to future-proof themselves against rising personal tax rates.

Challenges faced: This was a difficult case for several reasons- low-yielding assets in prime central London often struggle to meet ICR (Stress Testing) and thus need a pragmatic lender to help assist in either cross charging and/or using personal income to meet any shortfalls in coverage.

We also worked with solicitors and accountants to ensure that there was no crossover in legal and tax advice whilst making sure we adhered to lending policy.

Solution: We approached a Challenger Bank with a strong appetite to lend to professional landlords and HNWs. The case was dealt with quickly–we arranged a site visit with the lender to meet the client and the mortgage offers were in hand within weeks thereafter.

Special thanks:

Monument Bank – Conor McDermott, Edwin Yamoah

Lu Oliphant LLP – James Lau


At Coreco Commercial, we are experts at sourcing the most suitable solution for your needs, be it a bridging loandevelopment finance, or even offshore mortgages if you’re looking to purchase property aboard. Talk to us today or call 0207 220 5100. 

Written by Narinder Gill

Associate Specialist Broker

Narinder is an Associate within the Commercial Team at Coreco Specialist Finance. He assists HNW and UHNW clients with their large portfolio and complex lending requirements. He specialises in complex/portfolio Buy to Let mortgages (including Ltd Co/SPV), HMO’s and Bridging finance. Narinder also advises on all Commercial, Semi-Commercial, and Development finance. The ‘go to’ Broker for the more technically challenged lending requirements, frequently providing bespoke/structured lending solutions. After graduating from the University of Kent with a LLB (Hons) in Law and College of Law (LPC) Narinder joined The Law Society & Royal Courts of Justice in London. After working in the legal sector Narinder pursued a career as a Mortgage Broker and quickly became CeMAP qualified. Prior to joining Coreco Specialist Finance, Narinder was a Senior Broker at Mortgages for Business and Countrywide Mortgage services where he assisted in Residential, Specialist BTL & Commercial Finance. Narinder is a member of the London Institute of Banking & Finance. Outside of work, Narinder is an avid golfer having captained his University and Club Scratch team and competes in County tournaments.

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