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Have you tried our new and improved refurbishment buy to let to let calculator?

Richard Lawton

Richard Lawton - Head of Bridging and Commercial

Published 21.01.2022

It’s been more than three years since we launched our refurbishment buy to let offering during which time it’s helped hundreds of landlord customers to maximise their rental yields by enabling them to improve a property before renting it out.

To support the launch of the proposition, we unveiled a calculator which has since been viewed a staggering 25,500 times by brokers keen to find out how much their customers could borrow and get a better understanding of which cases can be submitted.

As one of the UK’s leading specialist lenders, we’re about solutions, not resolutions, and making sure you’ve got the tools at your disposal to help you stay ahead of the game. So to help make your journey with us in 2022 even smoother, we’ve refined and improved the calculator so it’s easier and quicker to use.

When you use our Refurbishment Buy to Let Calculator you’ll be guided through a simple two-step process. First, we’ll give you an indication of the costs of the bridging element, including the gross loan amount that needs to be repaid at the end of the term, then we’ll show you the costs associated with the buy to let loan, including any additional funds that your customer wishes to borrow.

You’ll also find that:

  • Monthly bridging interest rates are now updated automatically
  • You can now choose to enter either the gross or net loan value
  • We’ll let you know if entering a different net loan would result in a lower rate

I should point out that the calculator is for illustrative purposes only, but it does give you a good idea of how much your customer could borrow.

To find out more about refurbishment buy to let, or if you’ve got any questions, take a look at our guide, speak with a member of our sales team or call our bridging team on 0800 116 4385.

 

For intermediary use only
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