Fast funds for renovations: The benefits of refurbishment bridge loans

Refurbishment bridge loans are rapidly gaining popularity among property investors and developers, and for good reason. A refurbishment bridging loan is the perfect solution to provide landlords with a quick loan that they can use to improve their property before selling or moving tenants in. Let’s explore the various benefits of refurbishment bridge loans.

Built around being flexible

Refurbishment bridge loans offer remarkable flexibility in terms of how the funds can be used. These loans can be tailored to suit specific refurbishment needs from minor cosmetic upgrades to bigger renovations.

We’ve recently seen lot’s of interest from brokers in our 85% Refurbishment bridge product which is ideal for fast acquisitions, light refurbishments and quick turnarounds. 

• 85% LTV – More day one and proceeding at pace
• Rolled interest – we protect your customer’s cashflow with no monthly outgoings, just repayment at the end of the loan
• Minimum loan £100k – suitable for all residential properties and HMOs
• No monitoring – your customers can proceed with freedom to do what they do best; provide high-quality homes. 
• Lending on below market value

Increased property value or better rental yields

Refurbishment bridge loans enable investors to enhance the value of their property by investing in upgrades and repairs, they can increase the market value, EPC rating and appeal of the property, making it more attractive to potential buyers or tenants. Higher property values can lead to better rental yields or more profitable sales.

No impact on existing mortgage

Another key benefit is these loans do not affect an existing mortgage. Refurbishment bridge loans are typically secured against the property being refurbished, allowing investors to keep current mortgage arrangements intact. 

Fast funding

Refurbishment bridge loans are especially useful for bridging financial gaps and quick funding. For instance, if a property is purchased at auction or an investor has found a great deal that requires immediate renovation, a refurbishment bridge loan can provide the necessary funds to get the work done without delay. 

The LendInvest Mortgages portal

This one is unique to us, our ongoing improvements of the LendInvest Mortgages Portal make it quicker and easier for brokers to retrieve case information and progress deals. Through the technology on our portal, you can get an instant quote, enquire in seconds and submit a full application in minutes. Here are some of the additional features available through the Portal or application process.

• AVMs
• Dual representation
• No signatures
• Instant Head of terms
• Broker dashboard to monitor all of your applications

Flexibility is at the core of our Bridging team, providing certainty and a quick yes where it suits us and your borrower. We’re continuing to back landlords and property investors to deliver on demand which is why our High LTV Refurbishment products offer brokers and their clients a perfect solution.

Get a quote on our 85% LTV Refurbishment Bridging Range here.