The loan was agreed at a fixed rate of 3.55% for 10 years on an interest-only basis and tailored to meet the client’s needs due to the number of properties involved.

This follows the launch of the lender’s new offering for landlords purchasing HMOs.

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Allan Griffiths, regional lead for the South West Hub at YBS Commercial Mortgages, said: “Now that we’ve bolstered our product offering, we look forward to helping even more portfolio landlords in the future, providing a range of borrowing options to meet their lending needs, or allowing them to expand their BTL portfolios.”

George Eleftheriou, managing director of Real Finance — who brokered the deal — added: “It’s great when lenders have a strong appetite to lend on some of the more complex portfolios. 

“Considering its complexity, everyone was pleased it all went through so smoothly. 

“There’s a real place in the market for lenders to demonstrate their support for portfolio landlords and I’m delighted with the outcome of this deal.”