The 65% LTV loan, agreed over a five-year term, allowed the landlord to take the properties, located in the south east of England, out of a limited partnership and incorporate them into a limited company.

The lender worked together with Mortgages for Business to create bespoke terms for the deal, which exceeded usual maximum lending limits, and offers were made on every property within 18 days of the landlord’s application.

Paul Fryers, managing director at Zephyr Homeloans (pictured above), said: “This deal underlines our expertise in managing simultaneous, complex mortgage applications and meeting challenging deadlines.

“Our high levels of commitment to the project included visiting the broker and landlord customer in person, providing a single underwriter for the cases, as well as twice-daily calls between all parties, including the conveyancer.

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“We’re working increasingly closely with brokers, such as Mortgages for Business, which have an acute understanding of BTL portfolio landlords, in order to support customers wishing to arrange complex deals.”

Gavin Richardson, managing director at Mortgages for Business, added: “Having access to key decision-makers inside Zephyr Homeloans gave us the confidence that, along with our expertise and experience in these types of transactions, a refinancing deal of this size would go smoothly and according to the client’s timeframe and specifications.

“We chose to work with Zephyr among the other options we considered for this deal, such as high-street banks, because we knew it’d have the appetite and drive to complete in the strict timeframes, as well as the ability to fund the whole portfolio, which was an important consideration for the customer.

“Zephyr, Mortgages for Business and the key stakeholders kept the deal moving thanks to a mixture of collaborative working, regular constructive meetings, an open dialogue, some incredibly hard work, plus a desire to deliver a great out for the client.”