In today’s discussion, I want to delve into a couple of topics that have caught my attention recently and might interest you as well. 

Revolving credit facilities

First off, let’s revisit the concept of revolving credit facilities. Remember when I utilised one for a commercial property, essentially like an overdraft where I could draw down up to £100,000 and pay it back at any time? It was a convenient cash flow solution, but it vanished around 2021-2022 when the provider went out of business. However, I’ve received news from one of my brokers about an innovative alternative: a home equity line of credit. This second charge, five-year facility, is cost-effective as it’s only charged when in use, roughly at 9% per annum. It’s essentially a revamped version of the revolving credit facility, now cheaper at half the previous interest rate of 18%. It could be ideal for quick financing needs like deposits or developments, provided you can repay swiftly. Unfortunately, I can’t benefit from it currently as I don’t have a personal mortgage on a UK property; all my properties here are either buy-to-let or commercial.

Nomad Lease

Moving on, let’s discuss Nomad Lease, a company that facilitated the tenancy for our Charleston property. While they might not be operational in the UK yet, their service intrigued me. Nomad offers a streamlined platform for listing properties on various portals, handling applications, leases, and property management efficiently. They charge a reasonable 3% of monthly rent, with an option for rent advances, allowing landlords to tap into future rental income for immediate needs like home improvements or investments. The process seems robust, with thorough tenant vetting and additional services like insurance and concierge, albeit with a monthly fee.

Navigating Financial Challenges in Property Investment

Now, onto a personal matter: my serviced accommodation in Bath. I recently received interior design plans to modernise the property, following Airbnb’s requirements for upkeep. However, unexpected repairs like broken radiators and showers have stretched my budget thin. While these expenses are investments in the property’s future, they’ve necessitated the use of overdrafts, highlighting the financial challenges even seasoned property investors face.


Both revolving credit facilities and innovative leasing solutions like Nomad offer valuable financial tools for property investors. However, they require careful consideration and strategic planning to maximise benefits and navigate unexpected expenses effectively. Remember, even in the realm of property investment, financial challenges are inevitable, but with the right tools and mindset, they can be overcome.

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