The four properties had achieved practical completion in March 2024 and were pre-let to private tenants, however, due to the instability of the cost of materials and a breakdown in supply chains, the site’s building regulation sign-off was delayed and the incumbent development lender needed redeeming.

After being approached by Upton Park Homes Limited, Christie Finance Real Estate successfully arranged four separate Buy to let refinances with a total security value of £4.4 million on the properties within a period of just two months from instruction, while also managing a relationship with the incumbent lenders, assuring them of the progress along the way. As a result, Christie Finance Real Estate has been mandated to refinance a further 16 units in West London for the same clients.

Jay Verma of Upton Park Homes Limited comments, “We’d like to thank Christie Finance Real Estate for arranging this refinance for us, we were very happy with the service they provided us despite numerous road bumps along the way, all of which were well navigated by them. At times we were unsure whether we would complete on time, but Christie Finance gave us the assurances we needed and delivered once again. I am glad we have now built a working relationship for the next few projects as well.”

Ram Kakar, Associate Director at Christie Finance, comments, “I am very pleased to be able to support our clients in the refinance of this newly built development. It was essential for us to work with a lender who was comfortable working with tight deadlines on the redemption as well as newly built market values. The quality of the finish of the units was very high which allowed for a very easy marking campaign for the lettings of the properties. We are pleased the clients chose Christie Finance for the next refinance project and we look forward to announcing another completion soon!”

John Mitchell, Managing Director at Christie Finance, comments, “The completion of this facility for our clients is both satisfying & encouraging, demonstrating that funding in the residential market remains resilient and competitive.”

Contact the brokers:
Ram Kakar
Associate Director
M: +44 7764 241 349
E: ram.kakar@christiefinance.com

John Mitchell
Managing Director
M: +44 7974 265 259
E: john.mitchell@christiefinance.com

For further information on this press release, contact:

Niamh Toman
Junior Corporate Communications Executive
M: +44 7768 646 984
E: Niamh.toman@christie.com