Case study: Somo funds £1.63m BTL refinance ahead of bridge expiry
Original Article Summary
<p>The refinance facility of £1,630,000 was secured at 65% LTV against a property valued at £2.5m.</p>
PropMatch Curated Analysis
Somo successfully refinanced a £1.63m BTL property in Hornchurch at 65% LTV, helping an investor transition from expiring bridging finance to longer-term BTL finance with tight timing coordination.
Investor Relevance
Demonstrates practical refinancing strategies for higher-value BTL properties, shows how to manage bridge loan expiry deadlines, and illustrates the coordination required when using proceeds from property sales to fund refinancing.
Original Source:
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