Karis Capital has successfully organised a significant refinance deal amounting to £4.7 million for a client’s residential buy-to-let portfolio.
- The refinance involved transitioning from a high variable rate tracker to a more favourable 5.2% fixed rate over five years.
- This strategic move is anticipated to result in annual savings of approximately £30,000 for the client.
- The arrangement allows for an additional £1.3 million in funds, designated for further investment to enhance the portfolio.
- The new loan will provide the client with a financing solution for their 28 properties, reducing monthly payments and offering capital for growth.
Karis Capital recently managed a complex refinancing project, securing £4.7 million for a client’s residential buy-to-let portfolio. This strategic move involved shifting from a costly variable rate tracker to a fixed interest rate of 5.2% over a five-year period. The change is projected to save the client around £30,000 per annum, delivering substantial financial relief and efficiency.
The refinancing deal was orchestrated by Christian Artimadis, an associate at Karis Capital, who recognised the client’s need for swift action as the base rate surged, rendering the existing facility unsustainable. The new arrangement not only stabilises financing costs but also unlocks £1.3 million for additional investments, demonstrating a proactive approach to portfolio expansion.
Artimadis highlighted the importance of rapid response, stating, ‘Our new client had been on a base rate tracker for years and as the rate sharply rose their facility became too expensive and swift action was needed.’ This deal underscores the firm’s commitment to enhancing the financial positions of its clients through effective refinancing solutions.
Nicholas Christofi, CEO of Karis Capital, praised the meticulous execution of the refinancing plan, noting, ‘Christian has truly excelled in putting this deal together and his work encapsulates our core offering at Karis Capital. We strive to add value and improve our clients’ financial position and this new facility is the perfect case study.’
This refinancing effort not only secures more manageable monthly mortgage payments but also provides additional equity for further property investment. The client benefits from increased financial security and the potential to expand their property holdings, marking a significant achievement for both the client and Karis Capital.
This refinance transaction by Karis Capital exemplifies effective financial management, offering both cost savings and growth opportunities for the client.
