Grade II Listed Building Refinance

Background

The client had purchased a Grade II listed building for £120,000, despite it previously being marketed at £445,000. The asset comprised a multi-unit block with 9 residential lets and 1 holiday let. After struggling to secure funding through other brokers, the client approached Ramsay & White for support in structuring the deal.

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The Challenge

Listed buildings can present additional complexity from a lending perspective, particularly when combined with mixed-use elements such as holiday lets. In this case, previous brokers had been unable to structure the deal in a way that lenders were comfortable with. The key challenge was positioning the asset correctly and aligning it with a lender that understood both the current structure and future potential.

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The Strategy

We worked closely with one of our strategic lending partners, leveraging existing relationships to structure the deal appropriately and secure terms that reflected the strength of the opportunity. Giving the clients a competitive product to work with on a standard product rather than the client having to go on a holiday let product which is more expensive.

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The Outcome

The deal was successfully structured and completed, delivering a strong result for the client:

• Valuation came in at £995,000, above the expected £875,000
• £200,000 facility secured to support improvements
• Holiday let use approved within the lending structure
• Asset positioned for improved performance and long-term income

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Summary

This was a strong example of how complex deals can be delivered with the right structure and lender relationships in place.

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Need Support Structuring a Deal?

If you’re working on a complex property or struggling to secure funding, our team can help you structure it properly and place it with the right lender.

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