{"id":10538,"date":"2026-04-26T20:02:29","date_gmt":"2026-04-26T20:02:29","guid":{"rendered":"https:\/\/second-home.uk\/?p=10538"},"modified":"2026-04-26T20:02:29","modified_gmt":"2026-04-26T20:02:29","slug":"specialist-lender-completes-5m-portfolio-refinance","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=10538","title":{"rendered":"Specialist lender completes \u00a35m portfolio refinance"},"content":{"rendered":"

CHL Mortgages has completed a \u00a35m portfolio refinance covering 10 buy-to-let properties in Lambeth, southwest London, for a Chelsea-based landlord seeking to repay an expiring bridging loan.<\/p>\n

The transaction, introduced by broker Paul Agnew of London Property Finance, required completion within a compressed timeframe due to the imminent expiry of the existing bridging facility. CHL Mortgages assigned a single underwriter to manage the case from start to finish, coordinating valuations and offers simultaneously across the portfolio.<\/p>\n

Restructured approach<\/h2>\n

The case required adjustment after the offer stage when accounting advice prompted the landlord to switch from five-year to two-year fixed-rate products across all applications. This change pushed the client\u2019s exposure beyond initial limits, requiring the lender to restructure its approach.<\/p>\n

Lending on one property was capped to remain within exposure limits, allowing the wider portfolio to proceed. Nine of the ten properties completed first to repay the majority of the bridging loan, with the remaining property reviewed and approved subsequently. Search indemnity insurance was used to support completion within the required timeframe.<\/p>\n

Portfolio lending landscape<\/h2>\n

CHL Mortgages, part of the Chetwood Bank group alongside ModaMortgages, provides lending to individual and limited company landlords across standard buy-to-let properties, HMOs, multi-unit freehold blocks, and short-term lets. The transaction comes as property valuations face increased HMRC scrutiny<\/a>, with lenders required to ensure accurate assessments across portfolio transactions.<\/p>\n<\/p>\n

The buy-to-let sector continues to operate within a complex regulatory environment, with brokers navigating industry calls for changes to conveyancing referrals<\/a> and other structural issues affecting transaction timelines.<\/p>\n

\u201cI was really impressed with CHL Mortgages\u2019 ability to take a complex, time-sensitive portfolio refinance and keep it moving with clarity and control,\u201d said Agnew. \u201cEven when the case evolved and exposure limits shifted, the team didn\u2019t miss a beat, finding practical solutions, reissuing offers and ensuring the bridging loan was repaid on time.\u201d<\/p>\n

Roger Morris, group distribution director at Chetwood Bank for CHL Mortgages and ModaMortgages, said: \u201cThis case is a fantastic example of how CHL Mortgages can provide a specialist solution, no matter how large or complex a case. By assigning a dedicated underwriter and working closely with the broker, we were able to structure the lending creatively, manage exposure carefully and deliver the refinance within a tight timeframe.\u201d<\/p>\n

Market context<\/h2>\n

The transaction demonstrates continued activity in the specialist lending market for portfolio landlords, particularly those requiring refinancing solutions for existing debt facilities. The use of bridging finance followed by portfolio refinancing remains a common strategy for landlords acquiring or consolidating multiple properties.<\/p>\n","protected":false},"excerpt":{"rendered":"

CHL Mortgages has completed a \u00a35m portfolio refinance covering 10 buy-to-let properties in Lambeth, southwest London, for a Chelsea-based landlord seeking to repay an expiring bridging loan. The transaction, introduced by broker Paul Agnew of London Property Finance, required completion within a compressed timeframe due to the imminent expiry of the existing bridging facility. CHL […]<\/p>\n","protected":false},"author":1,"featured_media":196,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-10538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nSpecialist lender completes \u00a35m portfolio refinance - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/specialist-lender-completes-5m-portfolio-refinance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Specialist lender completes \u00a35m portfolio refinance - Second Home\" \/>\n<meta property=\"og:description\" content=\"CHL Mortgages has completed a \u00a35m portfolio refinance covering 10 buy-to-let properties in Lambeth, southwest London, for a Chelsea-based landlord seeking to repay an expiring bridging loan. 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