Refurbishment Loans
The perfect solution for smaller refurbishment projects.
Commercial Refurbishment Loans
Residential Refurbishment Loans
Our refurbishment loans offer short-term solutions for experienced property investors, landlords and developers looking to upgrade or convert an existing property into a residential, commercial or mixed-use property for the purpose of either rental or sale.
Lending criteria
Experienced property investors who are able to demonstrate that Interest costs can be covered during the period of the loan.
Maximum term 9 months.
Loans from £150k to £2m.
Personal guarantees required from business owners/directors.
Maximum LTV is 65% of the initial purchase price and 65% of the refurbishment costs.
Maximum LTV 65% based on the purchase price or Vacant Possession valuation at commencement, plus a maximum of 70% of the Gross Development Value.
Secured by way of a first legal charge on a UK located property (excluding Northern Ireland).
Borrowers must be UK registered company, Limited Liability Partnership or be using personal names.
PLEASE NOTE: This product is not available for a project that includes any element of new build works to the property i.e. extensions or additional floors.
