"With current market conditions adding pressure on property transactions, it is more vital than ever to be able to rely on strong relationships built over the years"
- Sy Nathan - Dynamo
Across four different property portfolio cases, each with its own complex needs, TML was instrumental in securing competitive rates, raising additional funds to recoup build costs for developers, and raising additional equity to allow clients to move on to their next projects.
The cases involved a mix of standard buy-to-let properties and HMO remortgages. Each case had its own complex structure and portfolio. From property developers requesting an intercompany purchase, newly set up SPVs, refinancing complex buy-to-let portfolios, personal to limited company transfers, and the need for additional borrowing towards onward BTL purchases; TML was well equipped to manage and support the broker to get the desired results for each client.
TML is well-versed in complex BTL cases and was able to lend its expertise to each case, which was helped in part by the strong relationships created and strengthened during this process.
Due to the intrinsic nature of the cases and the extensive portfolios, multiple teams at TML worked together with broker Sy Nathan from Dynamo. Alice Baggott, BDM at TML, has extensive experience working with complex BTL cases and was also supported by TML’s portfolio team who assessed each case separately in order to address the complexities of each individual case.
This was applied in the underwriting process too, with dedicated underwriters at TML, Rebecca Lunn and Diane McLoughlin, using their commercial approach to lend across all four portfolio cases.
Louise Apollonio, (pictured) Head of Corporate Accounts at TML commented: “These cases presented a number of complexities and required specialist expertise in order to tackle each stage. From completing an intercompany purchase to a subsidiary all the way through to undertaking an HMO remortgage. This called on the talents of our BDMs, dedicated underwriters, and portfolio team, all of whom were able to work together to complete the refinancing required for the end clients.
“With complex BTL cases such as this, we take pride in our brokers who work hard to streamline the process so that the complicated part is taken out. This effort is key to TML’s ethos and is a testament to the team’s knowledge and strong relationships.”
Sy Nathan, Mortgage Manager at Dynamo commented: “With current market conditions adding pressure on property transactions, it is more vital than ever to be able to rely on strong relationships built over the years. And that is exactly what the TML team demonstrated when working on these cases.
"Leading up to completion, we faced a number of obstacles, but the proactive approach by Alice, Diane, and Rebecca meant we were able to deliver a positive outcome for our clients. We’re enormously proud of the team effort and grateful to work alongside such a dedicated lender.”