After 11 long months of battling a global pandemic, we finally have some excellent news in the property finance sector for investors and developers – the return of the 85% Loan to value (LTV) bridging product with Shawbrook Bank.  

You may borrow 100% of the refurbishment costs if the total LTV does not exceed 85% of the current valuation or 75% of the post works value, whichever is lower.  

This product is perfect for run-down properties in need of a light refurbishment. Equally, it’s suitable for small HMO conversions and is a great way for investors to maximise their leverage. Light refurbishment is classed as any works which are non-structural and do not require any changes in planning. For example, new kitchen and bathroom, decorating or minor remedial works. After a light refurbishment, investors can significantly increase the rental income. Subsequently , this maximises the overall yield of the property. 

Shawbrook can retain the interest which means you will have no monthly payments throughout the term of the loan, which is another perk of this product offering!  

If this sounds like something that could work for you, please get in touch so we can run through the numbers and answer any further questions you may have.  

We provide a FREE assessment on all our services. Please contact us for more information. We have many happy customer testimonials.

Megan Parkin – Adviser  

Email: megan@advocatefinance.co.uk 

Tel: 01206 544333  

Professional landlords only. Any property used as security, which may include your home, may be repossessed if you do not keep up with repayments on your mortgage.