Our refurbishment loans offer the perfect short-term solutions for smaller, lighter projects by experienced property investors, landlords and developers.
Key features
Light refurbishment work only, no structural works allowed
Available for HMO or MUBs
No valuation fee payable until loan is approved
Interest roll-up options available
Ability to convert into a long-term loan
For smaller deals, Building Surveyor or monitoring not usually required
Lending criteria
Up to 65% initial advance of vacant possession value
Minimum loan £250k
Personal guarantees requested from business owners/directors but are not always mandatory
Up to 65% further advance of refurbishment costs, with total borrowing not exceeding 70% of gross development value
Loans up to £2m
Corporate borrowers must be registered in the UK or Crown dependencies
Only available to experienced property investors
Terms up to 9 months
For borrowing in personal name(s), individual must be a UK resident
Secured by way of a first legal charge on a property located in England, Scotland or Wales
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