Finding the Right Fit in an Evolving Lending Market

The Requirement:

Having originally arranged the conversion facility, we were then asked to assist with the term refinance of this completed 6-bedroom HMO in Leicester. The objective was to move the client from short-term conversion funding onto a suitable long-term investment facility.

About The Property:

The security was a completed 6-bedroom HMO. Since the original conversion finance was arranged, the term market had evolved, with a number of new lenders entering the space, creating a broader but more nuanced range of refinance options.

How we helped:

Although more lenders had entered the term market, valuation routes remained a key consideration. The client preferred to work with a lender able to use their chosen valuer, which narrowed the suitable options. We carried out the necessary investigative work across the market to assess lender appetite, valuation approach and overall fit, enabling us to identify the most appropriate lender and structure for the refinance.

The Outcome:

We secured a £400,000 term facility for the completed 6-bedroom HMO, allowing the client to refinance out of the original conversion loan onto a long-term funding structure aligned with both the asset and the client’s valuation preferences.