Karis Capital has successfully facilitated a £4.7 million refinance deal for a client’s buy-to-let portfolio.
- The deal involved switching from a high variable rate to a more stable and competitive 5.2% fixed rate.
- This financial restructuring is poised to save the client approximately £30,000 annually in interest costs.
- An additional £1.3 million has been raised for further investment in expanding the portfolio.
- Karis Capital’s prompt actions provided the client with a more cost-effective financial solution.
Karis Capital recently orchestrated a significant refinance transaction for a client’s residential buy-to-let portfolio, valued at £4.7 million. This strategic move involved transitioning from an expensive base rate tracker to a competitive fixed rate of 5.2% for five years. The shift in financial strategy is predicted to cut down annual interest expenditures by around £30,000, effectively enhancing the client’s financial efficiency.
The newly arranged loan not only offers reduced monthly payments but also liberates additional capital for future investments. Specifically, it has allowed the client to access £1.3 million in additional funds, which will be channelled into expanding their property portfolio. This forward-thinking approach underscores the dynamic nature of the refinance deal spearheaded by Karis Capital.
Christian Artimadis, who was pivotal in securing the refinance, emphasised the urgency and necessity of the transition. He noted: “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.” His adept handling ensured that the client received a stable and beneficial financial arrangement promptly.
Nicholas Christofi, CEO of Karis Capital, commended the execution of this refinance deal. He stated, “Christian has truly excelled in putting this deal together… This new facility is the perfect case study.” His remarks highlight the strategic excellence and client-focused ethos that Karis Capital embodies. By maintaining a proactive stance, they delivered a financial package that not only stabilises the client’s monthly obligations but also creates opportunities for growth.
The refinance by Karis Capital exemplifies effective financial management, achieving stability and growth potential for the client.
