'Flipping’ an investment property?
If you’re buying a property that needs light refurbishments, and intend to sell it on or let it out, a Together Bridging Loan could suit you.
We'll work quickly and flexibly to help you complete your purchase as soon as possible. And you'll have up to 12 months to make your renovations and complete a sale, or arrange a buy-to-let mortgage.
You'll only make the interest payments each month – and will simply repay what you initially borrowed in a lump sum, when funds are available.
Borrow more if you need it
After completing the refurbishments, you can apply to extend your loan – up to a maximum of 70% of the property's new value, or 100% of the refurbishment costs (whichever is lower).
That puts money back in your pocket. So you can kick off your next project, while you complete your plans for this one.
Light refurbishment defined
We’ll consider bridging loans for the purchase for a huge range of commercial premises, including:
✓ Replacement or renewal of kitchens and bathrooms.
✓ Plumbing and drainage work.
✓ Redecoration.
✓ Internal re-configuration.
✓ Rewiring and other electrical work.