How we helped

HMO’s & Buy to Let

Amount raised: £270,000

Purpose of finance: Purchase of Redevelopment Property

Type of finance: Bridging Finance @ 75% loan to value


Our client was struggling to find a lender to fund a commercial conversion to a HMO, Central Finance found the solution.

The client had a number of HMO’s and had good track record. The opportunity came to purchase an old window showroom with residential accommodation upstairs and a separate workshop annexe with the potential to create 4 more dwelling units. Total number of units to be created was 10. The clients had formed a newly created limited company, with 4 shareholders: 2 with experience, 2 without and one with an historic CCJ.

The Challenge:

Change of Use, Certificate of Lawful Planning & HMO Licence were all to be needed for long term mortgage lending, amongst significant remodelling and renovation works. The historic CCJ whilst satisfied was also a challenge with some lenders. The long term plan was for the property to be let to vulnerable adults/assisted living, which again has its challenges for most lenders.

The Solution:

Short term bridge facility with Lender A, for a 6 month term whilst all works were complete and necessary compliance was put in place. Exit finance was pre-agreed prior to drawdown of the loan to ensure the clients had a clear strategy for refinance and long term funding.

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Central Business Finance

50-54 St Pauls Square

Birmingham, West Midlands

B3 1QS


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Central Business Development Limited T/A Central Business Finance are authorised and regulated by the Financial Conduct Authority under registration Number FRN 672773. Central Business Development Limited is registered in England (Co. No. 07255056) with registered office at 8 Church Green East, Redditch, Worcestershire, B98 8BP. VAT Registration Number: 103 356 942.


The services Central Business Finance provides are part of our commitment to clients as a credit brokerage and not as a direct lender. 


Central Business Consultancy LLP is registered in England (Co. No. OC397430 ) and provides consultancy support direct to clients

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