Sally & Alan own three buy to let properties, they wanted to bring them up to a higher standard in order to increase the rental income and capital value.
Locked into a very competitive interest rate with their current lender, they wanted to avoid re-mortgaging due to high early redemption penalties. Sally contacted us to see what alternative solutions were available.
We raised £76,000 on a secured loan over 10 years, which allowed them to modernise the properties by installing new kitchens, bathrooms and double glazed windows, whilst redecorating throughout. This not only increased the overall market value of the buy to lets but also resulted in higher rental incomes.