How a property investor funded renovations

Customer situation

Our client had recently bought a new property to rent out and was eager to carry out renovations to improve it. They needed £40,000 to bring their vision to life.

Challenges

On the surface, this seemed straightforward, but there were problems:

·         The client was tied into a high-penalty mortgage for the next two years, limiting flexibility.

·         Their income came solely from their property portfolio and land, which made traditional financing options difficult.

On the positive side, the property already had a tenant with a secure rental agreement in place.

Solution

We carefully assessed their situation and arranged a buy-to-let secured loan tailored to their needs. The solution included a 5-year fixed rate, with the last two years free from early repayment charges.

Outcome

The funding allowed our client to confidently carry out the desired improvements, boosting the property’s value.

Important note

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage.