Case Study: Refinancing a Fully Tenanted Portfolio with No Valuation
Introduction
At Aura Capital, we specialise in delivering bespoke financial solutions for property investors facing time-sensitive challenges. This case study demonstrates how we helped a client refinance a portfolio of fully tenanted flats (MUFB) and buy-to-let properties in Scunthorpe, enabling them to avoid repossession and transition to long-term financing.
Client Profile
The client, an experienced property investor, encountered delays in completing conversion and renovation works across their portfolio. After initially using a 12-month bridging loan to fund the works, followed by a 6-month extension, the client defaulted and faced the risk of repossession. With a 14-day notice served, urgent refinancing was essential to stabilise their financial position and safeguard their investments.
Property Portfolio & Security
The client’s portfolio included 12 units, comprising tenanted flats (MUFB) and additional buy-to-let properties, with a total value of approximately £1,000,000.
How We Helped
We secured the following for the client:
£630,000 to repay the existing lender and £20,000 to complete snagging works.
Loan Term: 12 months with retained interest payments.
Exit Strategy: Transition to a buy-to-let (BTL) mortgage for long-term financing.
Valuation: No valuation was required, speeding up the process significantly.
Challenges & Urgency
The client faced imminent repossession within 14 days (10 working days), demanding immediate action.
No valuation was needed, and underwriting was completed within 24 hours of case submission, allowing the client to start legal processes without delay.
By collaborating with Aura Capital’s recommended solicitor, the refinancing was completed by the deadline, successfully avoiding repossession.
Outcome & Next Steps
Aura Capital structured a refinancing solution that met the client’s urgent needs, enabling them to maintain financial stability and focus on their long-term investment goals.
Need Fast Bridging Finance?
If you’re in a similar situation and require urgent refinancing, Aura Capital is here to help. Our expert team specialises in fast, flexible bridging loans tailored to your unique needs. Contact us today to keep your investments on track.
Contact Aura Capital:
