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ERG Private Finance Ltd - trading as ERG Finance is an Appointed Representative of New Leaf Distribution Ltd which is authorised and regulated by the Financial Conduct Authority: FCA Number 460421. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let mortgages and Commercial Lending are not usually regulated by the Financial Conduct Authority.

Large Buy-to-Let Mortgage Secured with £210,000 Annual Rental Income – Non Assured Tenancy

Updated: Jun 9



The Scenario

Our client, a seasoned landlord with an executive property portfolio, owned a prime residence in Prestbury, Cheshire—one of the region’s most sought-after postcodes. The property was let on a long-term basis to a Premier League footballer, generating £17,500 per month (£210,000 per annum) in rental income. The market value of the home was approximately £3,000,000.


The Challenge

Despite the strong rental yield and exceptional tenancy profile, the tenancy agreement presented a challenge. Rental agreements that exceed £100,000 per annum are not classified as Assured Shorthold Tenancies (ASTs) but instead fall under Non Assured Tenancy rules. The vast majority of mainstream buy-to-let lenders are only comfortable with standard AST agreements, which restricted conventional borrowing routes.


Our Solution

We identified a lender with the experience and flexibility to take a common-sense view of the proposition. After presenting the following strengths:


  • The professional profile of the landlord and quality of their wider portfolio

  • The prestigious nature of the property and its location

  • The calibre of tenant and consistent income profile


...the lender was able to offer mortgage terms in line with standard buy-to-let rates, with no premium for the unusual tenancy structure.


The Outcome

Our client successfully refinanced the property under favourable terms, maintaining liquidity in their portfolio without compromising on cost. This case is a testament to the importance of working with a brokerage that understands the nuances of high-value tenancies and can access the right lender relationships to deliver.

 
 
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