Flexible refurbishment finance for experienced investors' projects
- Finance up to£1 million
- Interest rate0.85%
- Max LTV85%
- Terms length6-12 months
OverviewQuickly match the needs of your customers
£150,000 - £1,000,000 loans
85% maximum LTV
Arrangement fee: 2%
No early redemption charge
Monthly interest rate: 0.85%
Properties in England, Wales or Scotland
Interest method: rolled
One further drawdown at your request. Up to 100% of the refurbishment costs can be funded in the drawdown but the total facility (including rolled interest) cannot exceed 85% of the day 1 open market value, or 75% of the post works value as confirmed by the valuer (whichever is lower).
Residential properties (including HMO)
1st charge security
Applicant: UK residents, UK Limited Companies with UK resident shareholders only.
Freehold, or leasehold with 60+ years left on the lease.
Evidence of recent experience of a minimum of 1 similar project.
Always allowed: Decorating, replacement of kitchens, bathrooms, electrical rewiring, plumbing, windows & doors. Works to improve the EPC rating of the property
Allowed at the underwriters discretion: Minor structural works and conversions, involving building regulations approval or planning permission including HMO conversions.
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