Case Studies

Increase value of portfolio, SE5

Client’s circumstances

Our clients were looking to raise funds to complete refurbishment works on two properties in their portfolio. They were unable to get a mortgage from a mainstream lender as the properties weren’t lettable in their current condition.

MT Finance solution

In just 11 days, we provided a £162,500 second charge loan over their main residence, at 65% LTV, with no exit fees or early repayment charges.

The benefits

Our short-term loan gave the clients funds they needed to carry out the works in order to significantly increase the value of the investment properties. They then refinanced the properties with a long term buy-to-let mortgage from a bank to exit the bridge against a higher value.

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