The Scenario

The borrower, a 22-year-old first-time buyer, wanted to invest in the property market and identified an opportunity in auction. The flat they were looking to purchase had a short lease of 43 years remaining, but there was potential to increase its value significantly once the lease had been extended.

The borrower was referred to Inflow to provide options on auction finance or bridging finance for the purchase. Inflow reviewed the scenario and was able to provide a loan facility towards the purchase and for the lease extension. The borrower refurbished the flat, extended the lease and was then able to refinance on to term lending.