Cambridge & Counties Bank helped an ex-pat couple living in Spain who wanted to release money from an unencumbered property in the UK.
The customers then used the equity release for the refurbishment of their investment property.
- 25-year loan term with 60% LTV
- Able to complete without having to travel back to the UK
- 4-bedroom house refurbished into a 6-bed HMO
The couple used Cambridge & Counties Bank to secure a loan against their unencumbered property in the UK and fund another refurbishment project that was close to completion. This was all completed from abroad with the help of the customers’ broker meaning they weren’t required to travel to the UK at any point during the application. The refurbishment of the HMO also allowed for the property to be let to students shortly after completion.
To find out more about our property finance, please contact our Relationship Management team.