From five lenders to one: Consolidating a complex 54 unit portfolio.

When their client approached them for help consolidating a multi-million-pound portfolio, spread across multiple residential and commercial property types and lenders, Truffle Specialist Finance turned to Together to help bring a complex lending structure under one roof.

The experienced property investor owned a diverse portfolio comprising 54 units across commercial, semi-commercial and residential properties, as well as HMOs and multi-unit freehold blocks (MUFBs). The portfolio was funded across five different lenders, creating a complex borrowing structure that had developed over time.

The ask

The client wanted to simplify their borrowing arrangements by consolidating their entire portfolio with a single lender. At the same time, they were looking to release equity to support future property acquisitions and continue growing their property interests.

With multiple asset types, ownership structures and existing facilities involved, the refinance required a bespoke approach. The challenge was not only bringing the portfolio together under one lender but doing so in a way that aligned with the client's wider investment plans.

The solution

Although the portfolio would all be financed under one lender, making it much easier to manage, it quickly became clear that the fastest and most effective way to do so would be to structure the deal under three separate loans.

This would allow Together to tackle a residential portfolio under an individual name, and separate residential and commercial portfolios managed under a company structure that the individual was a stakeholder in. Crucially, the finance would appear as one monthly payment for the client.

Ben Eckersley, Senior Corporate Underwriter at Together, said: "This was a complex transaction involving multiple asset classes, ownership structures and existing lender relationships. Structuring the refinance across three facilities enabled us to take a pragmatic approach while ensuring the solution met the customer's objectives.

"By working closely with Truffle Specialist Finance, we were able to consolidate the portfolio efficiently and provide the customer with a much simpler funding structure moving forward."

Alex Kinsey, Specialist Finance Advisor at Truffle, added: "Our client's portfolio was relatively varied across a range of different property types. This is great for diversification but can quickly become an administrative nightmare, balancing different lender criteria, rates, payment dates and end terms.

"We knew that Together had the product set and appetite to help consolidate the whole portfolio into a more manageable structure.”

The result

The refinance successfully consolidated all 54 units under a single lender, replacing five separate lending relationships with a more streamlined borrowing structure. The deal also enabled the client to release equity from the portfolio, providing additional capital to support future investment plans.

Despite the scale and complexity of the transaction, the legal stage was completed in just three weeks, helping the client achieve their objectives quickly and efficiently.

Ryan Etchells, Chief Commercial Officer at Together, said: "As portfolios grow, it's not unusual for landlords to find themselves managing relationships with several different lenders. Consolidating borrowing can simplify portfolio management and, in some cases, help unlock equity for future investment and improvements.

"We're also seeing landlords take stock of their portfolios as regulation continues to evolve, including the introduction of the Renters' Rights Act. For some, that means reviewing existing funding arrangements to ensure they're fit for purpose and aligned to their long-term plans.

"This case is a great example of how specialist lenders and brokers can work together to support customers with complex requirements and deliver a structure that meets both their immediate and future objectives."

Looking to simplify your client's portfolio?

Whether your client is borrowing across multiple lenders, looking to release equity for future acquisitions or reviewing their funding arrangements as their portfolio evolves, Together can support on a wide range of complex property scenarios.

With expertise across residential, commercial, semi-commercial, HMO and MUFB lending, our team can work with you to structure solutions tailored to your client's circumstances.

If you have a client looking to consolidate their portfolio, either get in touch with our expert team to discuss the case or submit the case directly.

Submit a case