Light Refurbishment Bridging Loan

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Light refurbishment bridging loan.

Refurbishment loans light refurbishment. We can fund property refurbishment in two ways. Although we don t operate a strict maximum loan. Typically light refurbishment would limited to non structural work and other work that would not.

As a set percentage of the current ltv. A refurbishment loan is a type of bridging loan a short term solution for borrowing potentially large sums of money. There are two primary types of refurbishment bridging loans available known as light refurbishment bridging loans and heavy refurbishment bridging loans. A light refurbishment loan is for cosmetic changes to your property.

Rates from 0 44 per month for light medium refurbishment. Property refurbishment projects tend to be smaller than full blown developments. Rates from 0 54 per month for heavy refurbishment. Whether you are carrying out internal or structural work the ability to make refurbishments can significantly increase the value of your property or business premises and maximise the potential rent that you can charge to tenants.

In some instances a home missing only a functional bath or wc would not be mortgageable with conventional buy to let mortgage lending a light refurbishment product offers a viable solution to avoid mortgage retentions or needing bridging finance. Up to 75 ltv. Refurbishment bridging loans also referred to as refurbishment finance are specialist loans issued to cover the costs of property refurbishments. All bridging finance offers access to rapid funding without complex or time consuming paperwork.

A refurbishment loan offers short term finance to carry out any light and heavy refurbishments on your property.