Providing Finance for a Residential Refurbishment in West London
An investor approached us seeking funding for the purchase and refurbishment of a semi-detached property in West London. The project involved a full internal renovation. With tight timelines and delays from another lender, the client turned to us for a swift and reliable solution.
Contact AlignHow We Helped: Delivering Speed and Certainty
We arranged a secured bridging facility tailored to the client’s requirements. The loan of over £347,000 was structured to cover both the acquisition and refurbishment costs, with interest payments retained within the facility for ease of cash flow. The term was set at nine months, providing sufficient time for the works and refinance, with the agreed exit being a term Buy-to-Let mortgage upon completion.
The facility comprised a land loan for the purchase, two tranches for refurbishment costs drawn against a monitored schedule, and an interest reserve to cover nine months of interest upfront. This structure ensured the client could progress quickly and confidently without financial strain during the refurbishment period
Outcome
The client secured the funding required to acquire the property and commence refurbishment immediately. Upon completion of the works, we arranged for the client to refinance onto a term Buy-to-Let mortgage, enabling them to retain the property for long-term rental income and strengthen their investment portfolio.
Why Investors Choose Align PF
We specialise in acting quickly and structuring bespoke funding solutions under pressure. Our expertise and strong lender relationships mean we can deliver results when it matters most, helping clients achieve their goals without unnecessary delays.