Portfolio landlords often seek to raise cash on their assets, either to expand their portfolio or to invest in renovating their existing properties.  One way of doing this, rather than remortgaging individual properties, is for the lender to take a charge across multiple properties in the portfolio.  We provide portfolio loans on a first or second charge basis with no limit on how many properties the charge is taken on.

We define a portfolio landlord as someone with interest in four or more distinct mortgaged buy to let properties, which could be Buy to Let properties that are solely or jointly owned by the applicants, or by a company in which the applicant has a share or a combination thereof.

Where an applicant meets the portfolio landlord definition, our underwriters will evaluate the landlord's portfolio and experience, their assets and liabilities and their business plan.

When submitting a case for a portfolio landlord, we will ask you complete a Portfolio Landlord Statement for your client.  Our underwriters will use the information on the form to:

  • Assess the level of debt in aggregate
  • Consider any potential concentration risks
  • Review the business plan, assets and liabilities
  • Confirm sufficient rental income to cover costs.

Portfolio rental calculations

These are the rental calculations that we will use to stress test a portfolio:

Limited Companies

125% at 5.5%

Individual applicants 

1-year term

145% at 5.5%

2-year term

145% at 5.5%

3-year term

145% at 5.5%

4-year term

145% at 5.5%

5-year term

145% at 5.5%


Holiday lets are always subject to a 150% stress test at the relevant pay rate.

Our products

Our mortgage products are available for a range of purposes.

Mortgages
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Castle Trust is the trading name of both Castle Trust Capital plc (company number 07454474) and Castle Trust Capital Management Limited (company number 07504954). Castle Trust is authorised and regulated by the Financial Conduct Authority, under reference numbers 541910 and 541893. Registered office: 10 Norwich Street, London, EC4A 1BD. Registered in England and Wales.

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