Portfolio mortgages using a hunting licence or Lombard loan

Portfolio mortgages can be structured alongside a hunting licence or Lombard loan to support larger or more complex borrowing requirements for portfolio landlords. These structures are typically used where borrowers hold substantial liquid or investment assets and wish to enhance borrowing capacity, manage risk, or reduce property-level Loan to Value (LTV).

A hunting licence arrangement allows lenders to consider future asset realisation or additional security as part of the underwriting process, which can be relevant where a portfolio is being expanded, refinanced, or restructured. This approach is more common in specialist lending and private banking environments, where underwriting is relationship-led rather than purely transactional.

A Lombard loan is a form of secured lending against investment assets, such as equities or managed portfolios, and can be used alongside a portfolio mortgage to provide additional liquidity. In portfolio mortgage scenarios, Lombard loans are often used to reduce reliance on property equity, manage concentration risk, or fund deposits and costs without increasing property-level borrowing. These facilities are most commonly available through private banking, and in some cases through high street banks, typically for lending above £500,000.

When used together, portfolio mortgages and Lombard or hunting licence structures allow lenders to assess affordability and risk across property assets and financial assets, rather than relying solely on rental income and property values. This can provide greater flexibility for portfolio landlords with diversified balance sheets, while still requiring careful structuring to meet lender criteria, stress testing, and risk controls.