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Ramsay & White Secures £2.69m Refinance for Barn Conversion Development
Ramsay & White has successfully structured a bespoke refinance package worth £2.69 million for an experienced landlord's impressive barn conversion development, marking their first major development project.
The deal, managed by Alec Witts—one of our leading property finance brokers—enabled our client to transition smoothly from initial development financing to a tailored long-term financial solution provided by one of our trusted lender partners.
Flexible Long-Term Funding
The client initially secured a development loan of £2.4 million to convert the site into five exceptional residential units, which now boast a combined market value of approximately £3.5 million.
Rather than incurring higher legal costs and complications by splitting the titles and extending short-term borrowing, Alec expertly negotiated a refinance across the entire site. The final arrangement provides the client with a competitive fixed interest rate of 5.76% over five years.
Strategic Financial Benefits
This innovative refinance package grants the client maximum flexibility, allowing them to rent some units on Assured Shorthold Tenancies (ASTs), while utilising others as profitable holiday lets. Crucially, the terms also permit the future sale of individual units, aligning perfectly with the landlord’s long-term investment and operational strategy.
Stability and Certainty Delivered
By securing this refinance, Ramsay & White has provided financial clarity and long-term stability for our client, significantly reducing their legal and administrative overheads.
Alec Witts remarked: "This refinance represents precisely the kind of strategic, tailored finance solutions we strive to deliver—maximising flexibility, minimising complexity, and aligning perfectly with our client's broader investment goals."
At Ramsay & White, our bespoke finance solutions are designed to empower our clients, delivering certainty and flexibility to underpin successful property investment strategies.
Industry Recognised Expertise
Our award winning team stays up-to-date on the latest products, rates, and regulations, so you can be confident that you're getting the best possible advice.
Streamlined Process
We make any property financing stress-free by guiding you every step of the way. We'll work with you to gather the required documentation and will be there to answer any questions you may have throughout the process.
Competitive Rates
As a leading expert in property finance in the UK, we have access to a wide range of mortgage products and lenders. This allows us to offer competitive rates and terms that may not be available to individual borrowers.
Customer Oriented
We understand that every client's needs are unique, which is why we take the time to understand your goals and financial situation, and work with you to find a financing solution that fits your needs.
Continued Support
After completion, we provide continued support to all of our clients, answering any questions you may have and help with any of your future property finance needs.
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