2nd Charge Refurbishment Loan on HMO - London
The clients applied to raise funds to carry out refurbishment works at their residential investment property and obtain a HMO Licence in order to maximise the income. Peninsula secured a second charge on the property to fund the works and once complete, and a HMO licence was obtained, the clients were able to refinance with a high street lender.
Key facts
amount borrowed
£62,500
loan term
6 Months
property type
2nd Charge on Residential Investment
Peninsula Finance plc
Studio 5-11
5 Millbay Road
Plymouth
Devon
PL1 3LF
t. 01752 292568
f. 01752 204646
e. enquiries@peninsulafinance.com