Residential Refurb & Conversion

 

 

Our diverse range of bridging loans also provides options for financing refurbishments and conversion of residential properties. This includes funding for structural works, ground-up developments and cosmetic refurb as well as HMO, BTL and PD conversion.

 

 

Check out our features and criteria below and contact the team if you have any queries. 

Features Criteria
Development Lite - funding structural works and ground-up developments.
Max LTV: 70% (Day 1 LTV)
65% (LTGDV)
Rates: from 0.80%
Charge type: 1st
Location: England, Wales
Term: 18 months
Interest type: Retained
  • Monitoring surveyor to be used and approval required prior to any drawdowns
  • Investment properties only 
  • Up to 100% of build costs can be funded, in arrears.
  • Experience of similar projects preferable.
  • Minimum profit margin of 15%
  • Minimum age – 18. No maximum age limit. 
  • Minimum loan size - £150k
  • Minimum term – 1 month
HMO / BTL  / PD Conversions
Max LTV: 70% (Day 1 LTV)
65% (LTGDV)
Rates: from 0.70%
Charge type: 1st
Location: England, Scotland, Wales
Term: 18 months
Interest type: Retained
  • No experience required.
  • Typically no monitoring surveyor, but inspections prior to further drawdowns required.
  • Up to 100% build costs can be funded, in arrears.
  • All appropriate licenses/permissions required.
  • Extensions permitted where current internal square footage does not increase by more than 50%
  • Ideal for extensions or loft conversions under Permitted Development
  • Works to not exceed 15% of GDV.
  • Minimum age – 18. No maximum age limit
  • Minimum loan size - £150k
  • Minimum term – 1 month
  • Scotland – mainland only
Cosmetic refurbishment
Max LTV: 70% (Day 1 LTV)
Rates: from 0.65%
Charge type: 1st/2nd
Location: England, Scotland, Wales
Term: 12 months
Interest type: Retained
  • Works requiring planning permission or approval not allowed.
  • No structural works permitted
  • Typically no Monitoring Surveyor, but inspections prior to further drawdowns required
  • Minimum age – 18. No maximum age limit
  • Minimum loan size - £150k
  • Minimum term – 1 month
  • Scotland – mainland only