Light Refurbishment Bridging Loan

Light refurbishment residential bridging loans are a type of specialist loan used to plug a funding gap in the short term.

Light refurbishment bridging loan.

We can fund property refurbishment in two ways. A light refurbishment loan is for cosmetic changes to your property. Typically light refurbishment would limited to non structural work and other work that would not. As a set percentage of the current ltv.

All bridging finance offers access to rapid funding without complex or time consuming paperwork. This might include simply. 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. Up to 75 ltv.

Rates from 0 44 per month for light medium refurbishment. Although we don t operate a strict maximum loan. 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. Refurbishment loans light refurbishment.

Given the short term nature of the loan it s understood that you will repay it with the proceeds of the sale of the property. Property refurbishment projects tend to be smaller than full blown developments. There are two primary types of refurbishment bridging loans available known as light refurbishment bridging loans and heavy refurbishment bridging loans. A refurbishment loan is a type of bridging loan a short term solution for borrowing potentially large sums of money.

Refurbishment loans mint bridging cbdadmin 2020 02 05t09 10 11 00 00.