The re-finance of a large 3-bedroom detached property with land and outbuildings in Cambridge.
The borrower had come to the end of their term on the existing mortgage. The property needed minor refurbishments to modernise the property to obtain the highest rental possible.
Utilising an existing valuation report we released funds quickly to ensure that the borrower didn’t incur any additional fees by going over term on the existing mortgage. With a net release of just over £1,000,000 we have ensured that the borrower now has the funds and time to complete the refurbishment.