Broker Laurence Mills arranged a £318,749 refinance on a 6-bed HMO in Greater Manchester, unlocking equity and strengthening cashflow.
For experienced property investors, the right lender makes all the difference. One client in Greater Manchester came to Sedulo after a poor experience elsewhere: despite paying a non-refundable application fee, the lender’s “free valuation” proved unfit for purpose. The report was short, overly simplistic, and carried out by a valuer unfamiliar with the local market — raising serious concerns about reliability.
Broker Laurence Mills stepped in to deliver a solution. Working with Shawbrook Bank, he secured a £318,749 refinance facility against the client’s recently converted 6-bed, 6 en-suite HMO. Importantly, the facility was based on investment value rather than vacant possession value, maximising the strength of the asset.
This refinance not only resolved the immediate challenge but also optimised the property’s equity position, restructured existing finance, and created headroom for future acquisitions — all while maintaining a strong rental yield.
Key Highlights
- £318,749 refinance facility arranged for an experienced property investor.
- Secured against a 6-bed, 6 en-suite HMO in Greater Manchester.
- Facility structured on investment value, not vacant possession value.
- Allowed client to optimise equity, restructure finance, and plan future acquisitions.
- Delivered by Laurence Mills and funded through Shawbrook Bank after challenges with a previous lender’s valuation.