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by Julian Ingall on 13th April 2022

75% LTV

Client details: Our clients were professional landlords & developers, one a resident in the UK and the other an expat.

Property details: 18 individual houses in various locations around South London all let as HMO’s. Total portfolio value of these properties was £15.5m.

Reason for finance: The clients were minority shareholders in the limited company that owned the properties. The refinance was required to replace the existing borrowing and to also buy out the majority shareholder, leaving our clients as the sole shareholders of the HMO portfolio.

Challenges faced: The transaction was time sensitive with completion of the funding required by a set date. Valuations were required for all properties, all of which were high value HMO’s in varied locations within London.

In order to complete the purchase of the shareholding 75% loan to value was required with all properties required to be under one facility.

Solution: Working with Shawbrook and using their AVM’s, (automated valuations) the majority of the 18 properties were accepted without the requirement for a physical valuation, minimising the time required and giving certainty to the valuation figures.

The time from application to completion was 6 weeks, with all parties in constant correspondence to achieve this timeframe.

75% LTV was achieved on a rate of less than 4% per annum, with the AVM placing a higher valuation on the properties than expected. This allowed the clients to also raise additional capital above the amount required to purchase the full shareholding.

Broker: Julian Ingall –  

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 Julian Ingall

Director of Coreco Commercial

Julian is one of the mortgage industry’s true legends, following his passion through thick and thin to run our highly successful Specialist Finance division. Having always had an interest in property and initially part qualifying as an Architect, Julian decided to join the Financial Services industry in 1989, cutting his teeth at John Charcol in the early 1990’s. After opening their Guildford Office, Julian left to spend time assisting High Net Worth individuals with tax efficient investment schemes. In 2000 he jointly founded the boutique Mortgage Brokerage Cobalt Capital. As the managing partner of Cobalt Capital and at the centre of its growth, the company expanded to a peak of 90 staff and developed into one of the leading mortgage brokerages in London. With more than a growing interest in the specialist and commercial sectors of the mortgage market and a determination to obtain finance on the seemingly impossible, Julian decided to follow his passion and invest into Coreco, becoming a Director in 2010. His aim is to drive this business forward to become one of the strongest specialist finance teams in the industry, focusing on large residential loans for development/investment purposes and large property portfolios. Julian is also a proud member of the FIBA Executive Committee.

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