HTB provides £400,000 HMO refinance to meet bridging repayment deadline

The case was introduced by Kuldip Shokar, director at Karaya Capital.

The borrower faced a six-week deadline before the expiry of their bridging facility.

HTB was able to deliver the loan, secured against a six-bed HMO bungalow valued at £650,000, which was completed at 75% LTV on a five-year term.

The lender progressed valuation and legal workstreams simultaneously, engaging Capital Value Surveyors and Pure Law from day one.

Serena Grewal, regional account manager at HTB (pictured above), worked closely with underwriter Simone Thompson to coordinate all parties and maintain momentum throughout.

The facility raised sufficient funds to clear the bridge in full, allowing the client to move forward without disruption.

Serena commented: “Time was tight, so we had to plan everything from the start.

“The accessibility of our underwriting team and our focus on the outcome, not the obstacles, made the difference.

“The client repaid the bridge on time, avoided heavy penalties and moved straight into a long-term position that gives them stability for the future.”

Kuldip said: “Communication was clear, decisions were quick and everyone stayed accessible throughout.

“Having underwriters we could reach directly and a BDM who kept every part moving meant the case never lost momentum. That level of coordination is what brokers need when deadlines are non-negotiable.”