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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Throughout the deal-making process there will undoubtedly be challenges – it is rare that deals involving substantial loan amounts are agreed without potential stumbling blocks. In these situations, Signature can draw upon extensive industry experience to navigate such issues and achieve a positive outcome for all parties. This expertise combined…
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