Project Description

  • NORTH WEST

  • 209,500

  • 12 months
BEFOREAFTER

CHALLENGE

  • The property comprises of a 4 bedroom semi-detached house which was built in the very  early 1900s
  • The property generally has a tired and dated appearance with full refurbishment and upgrading works required
  • A good sized family home with rear garden and off road parking with excellent demand for owner occupiers
  • Funding provided for the purchase and refurbishment of the property

APPROACH

  • The borrowers were experienced developers who had previously sourced properties for conversion to HMOs, initially for clients then also for themselves
  • Our experienced asset manager was still on hand to offer valuable advice and add value from the outset

RESULT

  • The refurbishment was completed to the agreed schedule and to an extremely high standard
  • Further new loan facilities have been completed and are progressing through building a great business relationship