The Scenario
The borrower, a 22-year-old first-time buyer, wanted to invest in the property market and identified an opportunity at an auction. The flat they were looking to purchase had a short lease with just 43 years remaining, but its value could significantly increase once the lease was extended.
The borrower was referred to Inflow to provide options on auction or bridging finance for the purchase. Inflow reviewed the scenario and was able to provide a loan facility for the purchase and lease extension. The borrower refurbished the flat, extended the lease, and was then able to refinance the loan into term lending.