Strategic partner exclusive product for light refurbishment projects

Product news

16 Jul 18

architectural plans

Recent times have proved difficult for property investors. Changes from lenders and regulators have made refinancing and raising further capital that little bit more challenging – and an unstable property market hasn’t helped.

But as you will know, this hasn’t deterred all. Savvy property investors are still spotting and seizing opportunities in the market – many turning to less traditional property types, and regional locations.

So, how can you help your property investor clients in these scenarios?

We’re delighted to extend to you a completely new, strategic partner exclusive product – enabling your clients to borrow specifically for light refurbishment projects.

This product may be the perfect solution for clients who are:

– Purchasing or refinancing residential or commercial properties at speed

– Refurbishing a property to then let or sell

– Converting single dwellings to small, straight-forward HMOs

– Buying a property with a known issue, to repair and then rent/sell the property

Key features

– All funds advanced on day one

– 75% LTV against the lower of day one purchase price or value

– Up to 100% LTV of the refurbishment costs on a single larger facility*

– £50k to £15m loan sizes

– Single lets / Multi-units / HMOs: 0.80% pm

– Semi-commercial: 0.91% pm

– No QS required, just an interim inspection at the end of month three

– Available to individuals, LLPs, UK limited companies and mainstream offshore limited companies

* Up to 100% of the refurbishment costs can be funded but the total loan cannot exceed 85% of the day one purchase price/value or 70% of the post works value (whichever is lower)

 

For more information, give us a call on 01753 883 195 or send us an email