Breathe new life into old or tired properties with our Light Refurbishment Bridging Loan

Our light refurbishment loans fund projects not requiring planning permission and are made in three stages.

For purchase or refinance, to pay for improvements up to 70% of the increased value to enable the release of working capital for your next property refurbishment project. We can arrange refurbishment loans from £250,000 to £3.5M for the improvement of existing buildings prior to lettings or resale.

View our ‘6 steps to funding success’ here.

Contact us

As amounts can vary, please contact us to discuss your Light Property Refurbishment Loan with one of our experienced BDMs.  We will quickly make a decision regarding your light bridging finance requirements and progress your short term loan solution without delay.

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Light Refurbishment Lending Terms and Criteria

First Charge

Loan Term
3 – 24 Months

LTV up to
70% LTGDV

Fees
Arrangement Fee 2%

Amounts
£250,000 – £3,500,000

Interest from
1.05%

 

Our light refurbishment loan provides fast bridging finance secured on:

  • Buy-to-let houses and flats let on assured shorthold tenancies
  • Licenced HMOs
  • Residential investments
  • Student accommodation
  • Owner-occupied retail, industrial and office properties

Our short-term Light Refurbishment Loans are available to:

  • Individuals and Partnerships
  • UK Limited Companies and Limited Liability Partnerships
  • Off-shore borrowing entities in approved jurisdictions

FAQs

Light Property Refurbishment Bridging Loans

Find out all the answers to your frequently asked questions about a Light Refurbishment Bridging Loan or read more about our home refurbishment loans here.

 

Our Light Refurbishment Loans

Property Refurbishment loans are short term loans for refurbishments that do NOT require planning permission; for example flat and house refurbishment, retail, industrial and office improvements. These types of loans can be used for flat and house refurbishment, AST investments, student accommodation and HMOs.

Breath new life into your investment property with a short-term refurbishment loan

We’ll rejuvenate your investment property with our a refurbishment bridging loan if you  intend to sell it on or let it out, an Alternative bridging short term loan could be just for you.

We’ll work quickly and flexibly to help you complete your purchase as soon as possible.

We’ll consider short term bridging loans for the purchase of a huge range of commercial and residential premises, including:

  • Decoration and installation within an existing structure:

    • replacement or renewal of new bathrooms

    • repacement or renewal of new kitchens

    • Replacement staircases

    • Replacement heating

    • Plumbing

    • Rewiring and electrical installation

    • Inspection and roofing repairs

We offer Light Refurbishment short term loans on:

  • Buy-to-let houses and flats let on assured tenancies
  • Licensed HMOs
  • Residential investments
  • Student accommodation
  • Retail, industrial and office investments
  • Owner-occupied, retail, industrial and office properties

We offer both heavy and light refurbishment loans

Our refurbishment loans can support refurbishment works on any existing structure including renovation, conversion or extension building projects.  Our refurbishment loans allow for light or heavy refurbishment works.   Unlike Heavy Refurbishment works that do require planning permission our light refurbishment works do not require any planning permission.

 

There are some exceptions for which we generally do not offer short term light refurbishment finance on. These typically relate to the more unusual or agricultural end of the market and include:

  • Farms, stables, kennels and equestrian centres or other agricultural holdings
  • Non-conforming, remote or unusual properties
  • Leaseholds with less than 50 years remaining on the lease (85 years for 75% LTV)
  • Grade 1 listed buildings

In certain instances, for example where a larger holding includes one of the above as a small part of it, we may, depending on the project and borrower specifics, be able to make an exception, so treat the above list as indicative and call us to explore your project finance.

For first charges our Light Refurbishment loans start at £250,000 and the maximum loan is £3,500,000.

The loan to Gross Development Value (LTGDV) is up to 70%. As noted above, these terms are indicative, so please get in touch to discuss your project with us. Depending on your circumstances, the property, the projected value etc., we may be able to vary amounts and terms.

Refurbishment Loans

We like to say yes to all our short term loan requests!!  Arranging Light Property Refurbishment loans with us makes the complex simple.  To ensure we do say yes…

Get your investment property ready for sale or let

If your latest investment needs some light refurb work before you can sell it or move tenants in, our refurbishment bridging loans can provide you with the fast funding you need without impacting an existing mortgage. Our fast and swift lending process means we are flexible and our finance professionals will quickly assess your finances.

Talk to us about your current or future lending needs, don’t delay  get in touch today!

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