Property Refurbishment Finance for renovating a variety of properties.
Refurbishment Finance
Light to Medium Refurbishment
Suitable for purchase or refinance where funds for small scale works are also required, including Permitted Development loft and extension works as well as minor structural changes.
Key features
Practical refurbishment loans created to help SME property developers and support small scale projects.
- 100% Cost of refurb works available
- Quick turnaround on refurbishment fund drawdown
- Light touch monitoring
- Loan terms up to 24 months
- No ERCs & No Exit Fees
What we like
- Permitted Development conversions
- Buy to flip projects
- Bridge to Let projects
- Auction purchases
What we consider
- Small Loan: smaller scale refurbishment and conversions
- First time developer/investor
- Up to 85% LTV
- Change of use
- Commercial refurbishment
- Rescue deals
Facility overview
Ltv
1st Charge
FROM p.m.
<50%
0.87%
<60%
0.95%
<65%
1.00%
<70%
1.10%
<75%
Refer
<85%
N/A
Min Term
3 months
Min Loan Size
£100K
Max Loan Amount
£5M
Interest Method
Retained
Cost of Works
100%
Max LTGDV
N/A
Max LTC
N/A
Profit On Cost
From 10% to 20% (project size dependent)
Heavy Refurbishment Finance
Heavy refurbishment finance created for purchase or refinance where funds are also required for major works including full planning permission and significant structural changes.
Key features
Heavy refurbishment finance that delivers a fast and efficient approach to support your project.
- Up to 100% cost of works available
- Quick turnaround on refurbishment fund drawdown
- Minimal Monitoring
- No ERCs & No Exit Fees
- Loan terms up to 24 months
- Finish/Exit Extension available
What we like
- Conversions: House to Flats
- Conversions: Non-residential to Residential
- Small Schemes yielding Residential units
- Planning gains
- Student Accommodation
What we consider
- HMO & Co-Living
- First Time developer/investor
- All planning opportunities
- Basement Conversions
- Large projects
Facility overview
Ltv
1st Charge
FROM P.M.
<50%
0.95%
<60%
1.00%
<65%
1.10%
<70%
1.20%
<75%
N/A
<85%
N/A
Min Term
3 months
Min Loan Size
£100K
Max Loan Amount
£5M
Interest Method
Retained
Cost of Works
90%
Max LTGDV
65%
Max LTC
85%
Profit On Cost
From 10% to 20%(project size dependent)
