This year is off to a strong start in Q1 2022, and we are on target to exceed last year’s lending total of £100m, across all types of finance including Houses of Multiple Occupancy (HMO), bridging, buy-to-let and loans involved in the Buy, Refurbish, Rent, Refinance (B.R.R.R.) property strategy.
This level of lending reflects the continuing robust property market and the enthusiasm of property investors, particularly in projects that use the B.R.R.R. model. Such projects usually include two loan opportunities – the initial bridging loan to buy the property and do any conversion or refurbishment works required, followed by a term mortgage exit.
Julie Griggs, Director at CPC Finance said, “We’re proud to have reached this threshold and to already be on track to beat last year’s total is a great start. It’s testament to the work of our team and the relationships we have with lenders that we are consistently able to secure this level of funding for our clients.”