Auction Purchase & HMO Strategy

An investor purchased a vacant ten-bedroom, seven-bathroom property in Liverpool at auction. The building, previously used as an HMO, required refurbishment and new licensing to return to use.

The Challenge

An investor purchased a vacant ten-bedroom, seven-bathroom property in Liverpool at auction. The building, previously used as an HMO, required refurbishment and new licensing to return to use. Speed and flexible funding were essential to secure the opportunity.

The Solution

Phoenix Money delivered a £231,000 loan swiftly, ensuring the client met auction deadlines. The facility safeguarded lending levels while giving flexibility to pursue planning permission and an HMO licence. A fallback option for a refurbishment as a single-family home, was fully supported by the valuation.

The Outcome

The fast funding allowed the client to complete the auction purchase within the required timeframe. This case highlights Phoenix Money’s ability to provide rapid, reliable finance for auction buyers.

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