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
Latest deals
LATEST case study
Signature Property Finance has completed a £383,739 development loan to support the construction of a three-bedroom detached house near Braunton, North Devon, backing an experienced carpenter and Structural Insulated Panel [SIPS] specialist with over 25 years in the construction industry. Introduced by Patrick Robertson of BuildLoan, leading specialist distributor in…