Refurbishment bridging loan

The loan for one project that provides funds for the next

This new product is ideal for investors or property landlords who want to purchase a property, carry out light refurbishments and then release their investment quickly to move onto the next project.

If a property needs modernisation, your client can go ahead knowing that the money spent on refurbishment could be replenished when the work is completed allowing you to think about your next investment opportunity.

This might typically include the replacement or refurbishment of kitchens and bathrooms, renewal of services, decorative attention or internal re-configuration. It does not include anything that requires planning permission or structural changes.

With our Refurbishment Bridging Finance, we will lend up to 75% of the initial purchase price and then, once your client has completed the light refurbishment they can apply for a further amount up to a maximum of 70% of the new property value OR 100% of the refurbishment costs, whichever is lower.

Key product features
  • Loans from £26,000 to £5,000,000
  • LTV up to 75% for the initial purchase
  • Flexible terms
  • Rates from 0.65%
  • No exit fee options available
  • Further advance available up to 70% of the post refurbishment value or 100% of the refurbishment costs (whichever is lower).
How it works
  • We review the request for bridging finance
  • The customer carries out the refurbishment
  • We review the request for further finance
  • We release the additional funds.