Specialist buy-to-let lender Rely has announced that it has completed a £2.1 million long-term mortgage refinancing in partnership with Carbon Funding Consultants (Carbon FC), securing funding for a gated development of four high-end rental homes held under a single title as a newly formed investment portfolio.
The client approached Jade Martell, mortgage broker at Carbon FC, after an alternative lender withdrew because of a policy restriction. With nine weeks remaining before the development finance facility expired, Martell needed to identify a lender capable of refinancing the scheme and transferring the borrowing onto a long-term buy-to-let structure.
Martell had previously worked with Nathan Chand, business development manager at Rely, and contacted him to assess whether the case met lending criteria. Chand confirmed that the proposal aligned with policy, and both firms moved quickly to progress the application.
The transaction involved several operational challenges, including:
refinancing a newly completed development held under a single title,
completing during the 2025 festive period, and
arranging a long-form valuation rather than relying on an automated model.
Rely worked alongside Carbon FC to keep the process on schedule and completed the deal a full working week before the deadline. The early completion helped the client avoid further development loan fees and supported the transition to a long-term investment strategy.
“This is a great example of how Rely can support a wide range of buy-to-let scenarios,” said Adrian Moloney, group lending distribution director at OSB Group (pictured).
“Jade and Nathan did a fantastic job of turning the case around within a tight time frame, and it really showcases the value of our in-house expertise. The development itself represents a high-quality addition to the rental market and highlights the true capabilities of Rely.”
Martell said the compressed timeline added further complexity to the case. “This was a rewarding case and a great demonstration of what Rely can deliver,” she said.
“With only nine weeks before the development loan expired (and over the Christmas period), it was completed in just eight weeks, comfortably ahead of schedule. This wasn’t a simple AVM-led case either; it required a long-form valuation, making the outcome even more impressive.”
The completion marked the successful refinancing of a newly built rental portfolio and enabled the borrower to stabilise long-term funding despite the initial withdrawal of another lender.
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