Signature Property Finance has completed an £83,625 bridging loan to support the auction purchase of a two-bedroom end terrace in Newcastle-under-Lyme, marking the second successful transaction with a returning client in recent months.
Again introduced by Ross and Leigh Taylor of BH Financial, the deal demonstrates Signature’s commitment to supporting experienced portfolio investors with consistent track records and clear value-add strategies, particularly those who return for repeat business.
Building on proven partnership
Following the successful completion of a previous Signature facility in April 2025, the borrower returned to finance their latest portfolio addition. The company now manages a portfolio of 27 properties valued at over £5 million, generating annual rental income exceeding £42,000 with healthy portfolio-level cash flow.
The property was secured at auction for £111,500, with Signature providing 75% loan-to-value financing. The facility includes serviced interest throughout the 12-month term, with the borrower’s substantial personal income and business profitability easily covering the monthly payments.
Strategic acquisition with planned improvements
Located just three miles from Stoke-on-Trent with easy access to the M6 motorway, the property benefits from excellent connectivity to Liverpool, Manchester and Birmingham. The area offers good transport links and amenities, supporting steady rental demand.
The two-bedroom end terrace includes a large garden and off-street parking. While the property requires remedial works including damp proofing, insulation improvements and treatment for moisture-related issues, the borrower has extensive experience managing similar improvement projects across their existing portfolio.
A specialist Property Care Association-registered contractor has inspected the property and provided a detailed remediation schedule. The 12-month term accommodates the six-month post-remediation waiting period before refurbishment works can commence, followed by the planned refinance onto a buy-to-let mortgage.
Local comparable sales average around £139,000, supporting the purchase price. Rental comparables indicate market rent of approximately £9,600 per annum, providing a solid foundation for the planned buy-to-let refinance with Aldermore.
Established exit strategy with proven delivery
The primary exit is refinancing onto a buy-to-let mortgage, with an illustration already provided demonstrating comfortable interest cover. As with the borrower’s previous transaction and existing portfolio properties, the strategy involves acquiring properties requiring improvement, completing necessary works and refinancing based on enhanced values and rental income. The borrower has cash reserves available to fund the remediation works in full.
Leigh Taylor of BH Financial commented: “It’s tremendously satisfying when clients return for additional facilities, as it demonstrates both their confidence in the lender and the success of the previous transaction. This investor executed their last project exactly as planned, making this second application straightforward.
“Signature’s consistency in service delivery and willingness to back experienced investors with repeat business shows real partnership thinking. Their understanding that properties requiring remediation work offer excellent value opportunities for investors with the capability and experience to manage them properly makes them ideal partners for this type of transaction.”
Sean Carbery, Business Development Manager at Signature Property Finance, said: “There’s no better endorsement than a client returning for additional finance. The successful completion of our previous facility, combined with their growing portfolio and strong financial position, made this decision straightforward.
“We’re backing an investor who understands their market, has the financial resources to complete necessary works and consistently delivers on their refinance strategies. The property requires remediation work, but that’s precisely the type of opportunity that experienced investors target for value creation.
“Supporting investors who improve substandard housing stock while building sustainable businesses is exactly what we aim to achieve. With clear refinance terms already progressed and a proven delivery track record, we’re delighted to support this acquisition and look forward to working with this property investor on future opportunities.”