Our client purchased this property earlier this year through another broker, but hadn’t been advised that build costs could be funded as part of a refurbishment facility.
They needed a £300,000 build facility to convert the existing 6-bed HMO into a high-spec 8-bedroom HMO — but their current lender couldn’t support it.
After reviewing the project, we moved the loan to a lender able to provide the full £300,000 build facility, giving the client the capital required to deliver the scheme properly.
If you need funding that supports both the asset and the strategy, Scale Property Finance can help.
