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 heavy refurbishment bridging facility to support the transformation of a two-bedroom elevated bungalow into a spacious four-bedroom home in a popular commuter village, near Lancaster. Introduced by Greg Walters of Chamberlain Capital and structured by Signature Relationship Manager Josh Barrett, this project is a…
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