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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

Up to 65% LTV based on vacant possession
Loans up to £2m
Borrowers must be a UK entity or in personal name(s)
Maximum 65% LTV of the refurbishment costs, which can't exceed 70% of the gross development value
Maximum term 9 months
Secured by way of a first legal charge on a property located in England, Scotland or Wales
Experienced property investors
Personal guarantees requested from business owners/directors but are not always mandatory
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

Interest roll-up options available
Options available following completion to term out borrowing
Dual representation available to reduce draw down times
For smaller deals, Building Surveyor or monitoring not usually required

Key Features

Interest roll-up options available
Options available following completion to term out borrowing
Dual representation available to reduce draw down times
For smaller deals, Building Surveyor or monitoring not usually required

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.

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