Refinance Secured for 10-Bed HMO

An experienced investor returned to Ramsay & White to refinance a newly converted 10-bed HMO, facing a redemption deadline just weeks away. Having supported the original bridging loan and refurbishment facility in early 2024, one of our advisers stepped in again to deliver a solution under serious time pressure.

‍

The Background

The property was purchased for £245,000 with a £185,000 refurbishment budget. Ramsay & White secured a bridging facility that funded 100% of the refurbishment. Once planning for the 10-bed HMO was approved, the lender transitioned the deal into a refurbishment facility — enabling the conversion to be completed to a high standard.

‍

The Challenge

‍In February 2025, the investor approached us again with a looming 18th March redemption deadline. With less than six weeks to arrange a commercial refinance, the timeline was extremely tight — especially with underwriting, valuation, and legals still ahead.

‍

The Solution

‍We identified a suitable lender, secured their agreement to the timeframe up front, and submitted the full application on 5th February. From there, our adviser proactively aligned solicitors, valuers, and underwriters to keep the case on track — maintaining consistent communication across all parties.

The property was commercially valued at £600,000, and we secured a refinance at 75% LTV — delivering £450,000 and enabling the investor to exit their bridging facility on time.

‍

The Results

‍✓ £450,000 commercial refinance secured
✓ Case completed on the 18th March redemption deadline
✓ £18,000 saved in potential penalty fees

‍

At Ramsay & White, we deliver fast, effective finance — even under pressure. If you're planning your next project or need to exit an existing facility, let's talk.