Refurbishment finance solutions

Finance solutions are available for customers looking to do light refurbishments to properties in order to then hold as an investment. Refurbishing properties is one of the best ways to maximise yields from property investment.

The benefits of these financing solutions are that a mortgage can be provided on a property that otherwise would not be granted one due its condition and once the work is carried out to a satisfactory standard, then funds can be released to maximise borrowing on the property.

However it should be understood that these financing schemes are not for investors that are looking to refurbish property and then sell on as the financing schemes have early redemption penalities. They are marketed towards investors and not speculators. Also they are not available to finance any structural work that needs to be undertaken. They properties need to be structurally sound and need a light refurbishment.

Access multiple solutions for refurbishment finance

Product 1

• Mortgages agreed on the after works value and rental income
• Finance available up to 65% of the purchase price
• A retention is then agreed up to 70% of the value of the refurbished property
• The retention is released once the valuer confirms the property in completed to a satisfactory standard
• Available on all types of properties inclusing HMO’ and multi-unit properties

Product 2

Mortgages agreed on after works value and rental income

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