The Project
Our client came to us pressed for time, urgently needing our assistance to refinance one of their properties to ensure that they could secure a connected purchase. Our client, who has a wealth of bridging finance knowledge, intends to turn this property in Castleford into a buy-to-let to add to their rapidly expanding portfolio.
The Approach
The valuation came back lower than anticipated but Seneca worked quickly with all involved to restructure the deal. As a result, we were able to complete the deal in a few short weeks and provide £188,000 towards the refinance which despite time constraints was completed before Christmas.
The Outcome
Having secured their connected purchase in a short period of time, our client is now able to begin the process of obtaining a buy to let mortgage of the Castleford property.