Refurbishment Loans

The perfect solution for both commercial and residential property refurbishment projects.

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 Loan to cost 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.

Key features

9 month term plus longer term loan options available should the property be retained after completion
Dual representation available to reduce draw down times
For smaller deals there are no Building surveyor monitoring requirements

Key Features

9 month term plus longer term loan options available should the property be retained after completion
Dual representation available to reduce draw down times
For smaller deals there are no Building surveyor monitoring requirements

Why choose us?

At Cambridge & Counties Bank we know that investment opportunities don’t always fit with a long term committed loan structure. A short term solution can allow you to secure a property before using your expertise to enhance its value. Our experienced front line and manual underwriting teams have a wide knowledge of the sector so they understand the potential that refurbished properties can offer. In addition we have the added benefit of being able to approve a Committed term Loan alongside the Refurbishment should the client wish to retain the property following its completion.

Useful information