Refurbishment Bridging loans can be a powerful tool for investors looking to maximise their returns on property investments.

These short-term loans provide the funds to purchase and renovate properties, allowing investors to capitalise on market opportunities and add value to their portfolios.

By bridging the gap between the initial purchase and the eventual refinancing or sale of the property, refurbishment bridging loans offer flexibility and speed, enabling investors to execute their plans efficiently.

At LendInvest, we offer a variety of Refurbishment Bridging loans that are simple, feature 74% net LTV on day one then rolling up to 85%, and we don’t monitor the project progress, allowing borrowers to do what they do best, providing quality homes.

With the flexibility that these loans can carry, here are two recent examples of how we helped our brokers achieve their clients’ goals.

Rapid Refurbishment Bridging

A broker was looking for funding to help a client purchase a 3-bedroom terraced house in the London Borough of Sutton. The property required a refurbishment including a new kitchen and bathroom, complete rewiring, repairing damaged roof tiles and a complete tidy of the garden areas. An ambitious project with an estimated cost of £24,000.

While waiting for the deposit of around £108k coming from the sale of the client’s BTL that was currently on the market, we were able to secure a loan in the amount of £329k on a 12-month term at 85% LTV. After the refurbishment is completed, the applicant intends to refinance, taking advantage of our bridge-to-let options.

To speed up the process, we offered dual Representation – having one solicitor acting on the transaction for us and the borrower, creating efficiency.

No Monitoring in Somerset

A broker came to us seeking a loan for their client for a 3-bedroom semi-detached house in Somerset. They wanted to use the funding to carry out a Full Market Value purchase and a complete refurbishment of the house which will cost around £100k.

Their client has over 30 years of experience as a builder and plans to carry out all the work on the house himself. They also own an additional 13 properties that have all been converted into 6-bedroom HMOs in the same area.

We secured a loan of £373k on a 12-month term at 85% LTV and 74% net LTV day 1, and given that we don’t monitor project progress, he can deliver a high-quality home on his own terms.

After the project is completed, they plan on refinancing with one of our Buy-to-Let products suitable for his needs.

We offer different refurb scenarios – all with 85% LTV, automatically rolled interest and all carried out in our Mortgages Portal:

• Auction Refurbishment Bridge – for quick-action purchases with a light refurb on exit.
• House Flip Bridge – for all types for those looking to refurbish and sell.
• Landlord Refurbishment Bridge – for those looking to expand their portfolios or enhance existing properties.

Ready to unlock your client’s investment potential with our Residential Bridging loans? Contact us today to get going!