This website is for intermediary use only. If you’re not an intermediary, please go to our customer site here.

About us
Log in
Register
Log in
Register

Auction triumph

remortgaging to plan for future growth

Case studies / Auction triumph

Summary

Spotting an auction bargain in Cardiff, two investors wasted no time putting their newfound equity to work. Their ability to swiftly remortgage with Molo demonstrates the benefits of both agile investment strategies and having an accommodating lender. They unlocked capital to seamlessly roll into their next property acquisition, turning one deal into a portfolio expansion catalyst.

Auction triumph

remortgaging to plan for future growth

A recent case at Molo showcases how swift action and the right financing can turn an auction purchase into a portfolio expansion.

The applicant

perating through a limited company, two British directors split ownership 50/50. With a combined income of £80,000, they epitomise the modern property investor—always on the lookout for the next opportunity.

The property

Recently, the investors purchased a property in Cardiff at auction for £150,000. They were cash buyers. The property has since been valued at £185,000, a 23% increase without any additional work undertaken.

The strategy

Rather than sitting on their newfound equity, these investors wanted to put it to work immediately. Through a broker, they used Molo to remortgage at 75% LTV with the aim of raising additional funds for their next investment.
Key details

Purchase price: £150,000 (cash purchase)

Current value: £185,000

Desired loan: 75% LTV (£138,750)

Location: Cardiff

At Molo, our goal is to support different types of agile investing. We assessed:

The applicants' experience as portfolio landlords

The quick appreciation of the property

The potential for further portfolio growth

Mortgage outcome

We're moving forward with the remortgage based on the current market value, subject to our usual underwriting and valuation processes. Consequently, the lenders will be able to invest the new capital in another buy-to-let purchase.v

Key takeaways

1
Auction properties can offer instant equity when chosen wisely
2
Quick remortgaging can turn one good deal into two (or more)
3
Molo's flexible approach supports investors capitalizing on market opportunities
For landlords eyeing auction properties or looking to expand their portfolios, this case shows the benefits of having a lender that can move at the speed of opportunity.

Links to get started

How Molo works
Eligibility criteria
Resources
Fees
Conveyancing
Meet your BDM team
Product Finder
Non-UK residents
Moving Forward with Molo

How Molo Works

Fees

Eligibility

Conveyancing

Resources

Your BDM team

Case studies

About us
fblogo
X_symbol.svg
instagram_symbol.svg
Subscribe to our newsletter
Privacy Policy
Cookie Policy
Terms & Conditions
© Molo Finance

Molo and Molofinance are trading names of Molo Tech Ltd, registered in England and Wales no. 10510180. Registered office: 84 Eccleston Square, London SW1V 1PX.

Molo Tech Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register Firm Reference Number 951899.

Molo is a subsidiary company of the ColCap Financial Group, and ColCap Financial UK Ltd that is registered in England and Wales no. 14127877