Completion on a refinance for our client, moving the property from short-term bridging finance onto a long-term term mortgage.
The property is a 5-bed let to an assisted living provider, which is a lease structure not every lender will consider. Layered on top, the borrower is a first-time landlord, further narrowing the pool of lenders willing to underwrite the file. Placement here required identifying a lender whose criteria fit the property type, then working with them to secure specific exemptions on their standard first-time landlord terms.
The refinance completed , redeeming the outgoing bridge and moving the client onto a long-term product. We’ve since assisted the borrower with their next acquisition, arranging a bridging loan with development funds for their second HMO.
If you've got a specialist let or a first-time investor file coming up, get in touch.
hello@scalepropertyfinance.co.uk
0117 427 4568
