Portfolio Landlords

Portfolio Landlords

What Is a Portfolio Landlord?

A portfolio landlord is someone with 4 or more mortgaged buy-to-let properties, but the definitions can sometimes differ between lenders. This includes those owned private or through a limited company, and also applies to sole and joint applications.

Types of Buy-to-Let Portfolio Mortgages

A landlord’s portfolio can include many different types of mortgages across their many different properties.

How Does a Portfolio Landlord Mortgage Work?

A portfolio mortgage works in the same way as a normal buy-to-let mortgage.

They’re both:

• Secured on rental properties
• Typically interest-only

The main differences are:

If you already have buy-to-let mortgages on existing properties, you could choose to remortgage them onto a portfolio product, but you wouldn’t need to unless your introductory period was due to end and you didn’t want to go onto your lender’s SVR (standard variable rate).

You can have 4 – 100+ properties with portfolio products.

Portfolio products can be used to finance the following:

• Normal buy-to-let properties
• Limited company buy-to-lets – this would require a limited company portfolio mortgage
• Auction properties
• Student buy-to-lets
• Multiple flats under one freehold
• HMO (Houses in Multiple Occupation) – HMO mortgages are available as a standalone mortgage product if you don’t have a portfolio of 4 or properties