Ms Whelan had a business providing social housing to registered providers after many years employed in the sector and had built up a pension fund during that time.
She had taken on a dilapidated block of new units from a landlord to rent to a social housing provider but struggled to obtain finance from a lender to refurbish to the required standard due to her short trading history, lack of security and weak credit file following her divorce.
Ms Whelan was able to set-up a PLF arrangement and transfer her existing pension fund to it and lend the money to her company allowing the refurbishment works to be completed and enter into a long-term lease with the social housing provider.
