Heavy Residential Refurbishment Loan
Works being more than 20% of the property value. This is likely to be extensions, loft conversions, internal reconfigurations and change of use (single dwellings to flats when planning is in place). Existing structures subject to refurbishment or improvement, but not demolition or reconstruction. No ground up development. Existing planning in place for proposed use.
- Monthly interest from: 0.99%
- Arrangement fee: 2%
- Exit fee: Negotiable
- Maximum loan to value: up to 75% of purchase price or day one OMV (subject to end LTGDV not exceeding 65% and total LTCost not exceeding 80%) Plus 100% of refurbishment costs
- Maximum term: 18 months
- Minimum loan: £100k
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LATEST case study
Keen to build strong working relationships with experienced property developers across the UK, Signature’s services were recently utilised by a Scottish developer with a long-term vision to acquire additional investment properties and expand their existing portfolio. Already with a range of BTL investments, the developer in question identified a fresh…
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