Light Residential Refurbishment Loan
Where we are being asked to fund the improvement works. Works being non-structural in nature, costing less than the higher of £30k or 15% of the current property value.
- Monthly interest from: 0.85%
- Arrangement fee: 2%
- Exit fee: Negotiable
- Maximum loan to value: up to 75% of purchase price or day 1 OMV (subject to end LTGDV not exceeding 70% 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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