Having previously arranged a bridge for the client to enable them to carry out remedial fire damage works to this buy-to-let property, Sirius was reapproached to assist them with the refinance. There were several layers of complexities to this deal. The first being, seeking a lender who would consider this relatively niche asset, a proposed HMO above a shop. The second, being a family trust forming the ownership structure with no other assets or letting experience and the trustees not able to provide Personal Guarantees. Sirius was able to secure a 20 year term loan of £255K.
Sirius Property Finance or Sirius is a trading style of Sirius Property Finance Group Limited (company number 10132820) registered in England and Wales. Our Financial Services Register number is 813945. The registered address is; The HUB, Unit 7 Lake Meadows Business Park, Woodbrook Crescent, Billericay, Essex, CM12 0EQ. Sirius Property Finance Group Limited is an Appointed Representative of Bright Star Financial Limited also trading as Brightstar Financial or Brightstar (company number 07462342) registered in England and Wales. The registered address is; The HUB, Unit 7 Lake Meadows Business Park, Woodbrook Crescent, Billericay, Essex, CM12 0EQ. Bright Star Financial Limited is authorised and regulated by the Financial Conduct Authority. Their Financial Services Register number is 712700. You can check the Financial Services Register by visiting the FCA's website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768.