Rely has completed a £2.1m buy-to-let refinance on a newly built four-home portfolio, securing long term funding ahead of the expiry of a development facility.
The specialist buy-to-let lender stepped in after another provider was unable to proceed due to a policy restriction, placing the client’s exit strategy at risk.
The case, introduced by Carbon Funding Consultants, involved a brand new gated development of four high-end rental homes held under a single title and forming a newly created investment portfolio.
The borrower approached Jade Martell, mortgage broker at Carbon Funding Consultants, with nine weeks remaining before the expiry of the development finance facility.
Martell was tasked with sourcing a lender able to refinance the scheme onto a long term buy-to-let solution within the available timeframe.
Having worked with Rely on a previous buy-to-let case, Martell contacted Nathan Chand, business development manager at Rely, who confirmed the case met lending policy requirements.
Rely and Carbon Funding Consultants then progressed the transaction over the 2025 festive period.
The lender completed the refinance a full working week ahead of the deadline, avoiding additional development loan fees and enabling the borrower to transition to a long term investment structure.
The case required a long form valuation rather than an automated approach, adding further complexity to the timeline.
BUY-TO-LET SCENARIOS
Adrian Moloney, group lending distribution director at OSB Group, said: “This is a great example of how Rely can support a wide range of buy-to-let scenarios.
“Jade and Nathan did a fantastic job to turn the case around within a tight time frame, and it really showcases the value of our inhouse expertise.
“The development itself represents a highquality addition to the rental market and highlights the true capabilities of Rely.”
Martell added: “This was a rewarding case and a great demonstration of what Rely can deliver.
“With only nine weeks before the development loan expired (and over the Christmas period) it completed in just eight weeks, comfortably ahead of schedule.
“This wasn’t a simple AVM-led case either; it required a long form valuation, making the outcome even more impressive.”
The transaction underlines continued demand for specialist buy-to-let lenders able to handle portfolio structures and time-sensitive refinance cases, particularly where development exits are involved.
