Refinance self-contained flats – Total Loan of £181k

The situation: One of our long-term clients re-approached us to refinance a property which he had recently converted from a commercial property into six self-contained flats. Due to the property having the numerous residences on one title, this fell outside standard lenders normal criteria.

The solution: We approached a specialist property investment lender, with whom the client already had other mortgaged properties. In total £181,088.25 (70% of investment value) was secured over a 25 year period to be repaid by both capital and interest payments.