The Challenge

Our client had completed a 14-unit residential development in Kent, but only two units had been sold by the time their development finance expired.

With repossession looming and a tight lender deadline in place, they urgently needed to refinance the entire block onto a Buy-to-Let (BTL) facility. However, due to rental stress testing, the available loan size under standard terms fell short of what was required to repay the existing facility.

Our Solution

Portway Finance quickly structured a solution to unlock the full loan amount needed:

• We worked closely with a trusted solicitor partner to create individual leases across the block, allowing the valuation and rental income to be assessed more favourably.
• Leveraging strong lender relationships, we secured a facility outside of standard policy, enabling all units to be refinanced with one lender at market-leading rates.
• This approach saved both time and cost, avoiding the need for multiple facilities and preventing the risk of default.

The Outcome 

• A £4M Buy-to-Let exit loan secured
• Full repayment of the development lender ahead of deadline
• Equity released to support the client’s next project
• Strong monthly cash flow from retained rental units
• Client’s property portfolio and asset & liability profile significantly strengthened

This case highlights how our experience and strong network can deliver practical, fast-moving solutions, even under pressure, turning potential losses into long-term gains.