Light Refurbishment Bridging Loan

A refurbishment loan offers short term finance to carry out any light and heavy refurbishments on your property.

Light refurbishment bridging loan. A light refurbishment loan is for cosmetic changes to your property. There are two primary types of refurbishment bridging loans available known as light refurbishment bridging loans and heavy refurbishment bridging loans. Refurbishment bridging loans also referred to as refurbishment finance are specialist loans issued to cover the costs of property refurbishments. As a set percentage of the current ltv.

Given the short term nature of the loan it s understood that you will repay it with the proceeds of the sale of the property. Light refurbishment residential bridging loans are a type of specialist loan used to plug a funding gap in the short term. Refurbishment loans mint bridging cbdadmin 2020 02 05t09 10 11 00 00. Typically light refurbishment would limited to non structural work and other work that would not.

We can fund property refurbishment in two ways. Up to 75 ltv. Rates from 0 54 per month for heavy refurbishment. In some instances a home missing only a functional bath or wc would not be mortgageable with conventional buy to let mortgage lending a light refurbishment product offers a viable solution to avoid mortgage retentions or needing bridging finance.

Although we don t operate a strict maximum loan. Refurbishment loans light refurbishment. Rates from 0 44 per month for light medium refurbishment. Whether you are carrying out internal or structural work the ability to make refurbishments can significantly increase the value of your property or business premises and maximise the potential rent that you can charge to tenants.

A refurbishment loan is a type of bridging loan a short term solution for borrowing potentially large sums of money.