…a mortgage that allows landlords to place all of their buy to let mortgages under one mortgage. A portfolio mortgage is treated as a single account. Rather than having separate lenders for each property, the entire portfolio is undertaken by one lender, hence one monthly payment.
The portfolio is registered as a limited company and finances and expenditures are treated exactly the same as any other business model. A property portfolio is a term used for when a landlord has at least four properties. Technically, a portfolio could consist of two properties. From a lender’s perspective, they would usually class four properties to be the bare minimum for a portfolio.
Lenders introduced portfolio mortgages to allow landlords to manage their buy to let finances with greater clarity. Rather than having multiple mortgage statements, portfolio mortgages allow for one monthly statement and one payment, simple. Landlords with portfolios don’t have to have a portfolio mortgage and it is entirely optional.
Miranda Financial Services is a trading name of
who are an Appointed Representative of Optimum ELITE which is a trading name of Optimum Commercial Solutions Ltd, registered in England and Wales 09518480. Optimum Commercial Solutions Ltd is authorised and regulated by the Financial Conduct Authority FRN: 808754.
Miranda Financial Services, is registered at 19 Sheridan Grove, Oxley Park, Milton Keynes, England, MK4 4GP. Company Register number is 16086471. Our FCA registration number is 1023976. You can check via www.register.fca.org. We are registered with the ICO, ZB848037 and you can check via www.ico.org.uk.
There may be a fee for our advice. The actual amount you pay may vary but will never be more than 1% of the loan amount.
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Our aim is to provide you with a professional and efficient service. However, there may be occasions where you feel this has not been achieved and should you wish to make a complaint about any aspect of the service we provide to you, you can do this by writing to us at 19 Sheridan Grove, Oxley Park, Milton Keynes, England, MK4 4GP or email us on complaints@mirandafs.co.uk , or by calling us on 07492193782 where we will try to resolve your concern at the earliest time possible.
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