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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
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