Case Study: Fast-Track Second Charge Solution to Meet Urgent Build Costs

Aria Finance successfully arranged a fast buy-to-let second charge mortgage for an employed client requiring urgent funds to meet building costs. Following a last-minute decline elsewhere, Aria delivered a time-critical solution, completing the case in just 16 working days.

The Client:

 The client was employed and an experienced property owner, with two existing buy-to-let properties in addition to their main residence. The security property was a five-bedroom detached buy-to-let home valued at £865,000. 

The Situation:

The client needed immediate funding to pay builders upon the completion of a single-storey wraparound extension with a garage at their main residence. Strict payment deadlines created significant time pressure.

A first charge further advance had been pursued initially but was declined at the final stage due to a historic telecommunications late payment, leaving the client at risk of missing contractor payments.

Our Solution

Aria Finance arranged a buy-to-let second charge mortgage that met the client’s urgent timeframe and funding requirements. A lender was selected that could complete quickly using an automated valuation model and offer strong rental stress testing to maximise borrowing capacity.

The case was completed in just 16 working days, providing a reliable alternative where a traditional first charge solution had failed.

Benefits & Results:

The second charge mortgage enabled the client to release capital quickly without refinancing their existing mortgage. Funds were in place in time to meet builder payments, avoiding delays or penalties.

Aria Finance’s expertise in second charge lending, lender access, and focus on speed ensured a positive outcome, delivering certainty and peace of mind for the client.