Portfolio on one loan

How it works

Add multiple properties to your DIP submission

Each individual property must meet minimum criteria

- Min Value £135,000

- Min Loan £100,000

- Min ICR stress test as per borrower type

Maximum exposure per ultimate borrower

£2m net of fees at 75% LTV and 78% LTV incl fees

Max £3m gross at 70% LTV

All applications are subject to terms and conditions

Portfolios on one Loan - FAQ

Can overpayments be made?

Yes overpayments can be made up to 10% per annum without incurring ERCs.

Is it one Early Redemption Fee or multiple?

It’s one loan but with an early redemption fee per property.

Can properties be added and removed from the portfolio?

Properties can be removed from the portfolio loan mid-term, subject to terms and individual ERCs, however additional properties cannot be added.

Can the portfolio have a mix of property types?

The portfolio can be of mixed property types however please note that the whole loan will be calculated on the highest property type rate and rental coverage stress test (ICR).

However, by grouping multiple properties of the same type together, e.g. one loan for standard BTL properties and a separate loan for the HMO/MUFB properties, more of the properties can be priced on your preferred choice of product.

For intermediaries only

At Birmingham Bank we give landlords the opportunity to mortgage one, or multiple properties on a single loan.

Enjoy the benefits of multiple properties on one loan, with flexible exit options

Qualifying property types

How it works

Portfolios on one Loan - FAQ