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by on 20th May 2020

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A UK resident with existing property experience, has a portfolio of 3 Category D HMO properties. These properties are let to a managing agent who sub-lets to the local authority. The properties are used to provide accommodation to vulnerable adults in need of emergency or short-term housing. The clients existing lending facility had matured and required refinancing. With many lenders considering this case ‘out of policy’ our broker was able to reassure his client that he would find a way of helping him raise the funds required to redeem the existing facility.


The client was in a situation whereby he required just over £2 million to redeem a matured facility. With limited lenders & the additional disappointment of a major down valuation exceeding 1 million; our broker Tom Matthews was determined to get this case back on track.


Tom successfully placed the case with Octane. With a decent rate more than 2% lower than the existing facility & LTV under 75% the client was left feeling very satisfied & Coreco Commercial once again succeeded in pulling out all the stops to get another tricky case through to completion.

Broker: Tom Matthews


Written by

Associate Director

After more than 4 years gaining experience in the administrative and compliance areas of the industry, Tom decided a career in advising and face to face client interaction best suited him. He moved on to a short spell with a City start-up firm before joining the ranks at Coreco in August 2011. He is now one of the top performing brokers at Coreco working with some of our leading introducer accounts as well as having a strong knowledge of the more Specialist side of the business. Tom also noticed a strong niche in the market and was instrumental in the setup of our Contractor division, specialising in all types of mortgages for Contractor professionals in the UK. Perhaps most noticeably, although he doesn’t like to mention it, in July 2013 Tom won the British Mortgage Award for the leading young broker in the industry, as recognised by his peers and clients for his dedication to a superior level of service. In July 2017 he went one step further and was named Best Overall Broker at the British Mortgage Awards. He is also on a winning streak, taking home ‘Adviser of the Year’ two years running at the annual Coreco awards. With a passion for football, shooting and gin, as well as being a snappy dresser, Tom lives in Alton, Hampshire, with his wife, baby boy Fred and Vizlsa Jameson.

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