New simpler refurb range.
- Rates from 0.67%pm
- Up to 75% LTV
- Fee-free AVMs up to 75% LTV
- Regulated and non-regulated
- No maximum loan amount
- Landlords who want to make a quick purchase
- Chain-break finance
- Cash flow funding for short-term requirements
- Buying property at auction
- Meeting tight transaction deadlines
- Where short-term finance is required and is secured on a property in a habitable condition and does not require any improvement works
- Regulated bridging finance can be used for almost any purpose, except where your customer is looking to raise finance by way of a second charge and the loan is for business use. For this situation our range of non-regulated bridging finance could help
- Rates from 0.67%pm
- 100% of works funded up to 75% LTV
- Regulated and non-regulated
- No maximum loan amount
- Staged drawdowns accepted
For works that don’t require structural changes, planning or alter the footprint of the property:
- New kitchen, bathroom, redecorating
- Rear and side extensions
- HMO conversions
- Multi-unit properties currently at 'wind and watertight' stage that require completion
A customer approached us to fund a light refurbishment on a 3-bedroom property they intended to upgrade for resale. The works included:
- New kitchen and bathroom
- Internal redecoration
- Flooring and minor plastering
- No structural changes
We provided a bridging loan at 75% LTV, with the property valued at £210,000. The loan was released in a single drawdown, and the works were completed within 6 weeks.
As this was a light refurb, there was no planning permission required, and the customer only paid interest for the duration of the loan. The property sold quickly after completion, allowing for a smooth exit.
- Rates from 0.67%pm
- 100% of works funded up to 70% LTV
- Regulated and non-regulated
- No maximum loan amount
- Staged drawdowns accepted
For customers making structural changes to the property often requiring planning consent and building approval. Examples include:
- Extensions
- Loft conversions
- Single unit to multi-unit
- Multi-unit to single unit
- Barn conversions
- Conversion of a commercial unit into a maximum of 10 units
- Landlords looking to change the use of a residential property to an HMO with up to 20 lettable rooms
- Landlords looking to change the use of a residential property to a maximum of 6 flats. An acceptable new home warranty will be required
No fuss bridging finance for a rear extension
A customer approached us seeking £70,000 in bridging finance to carry out a rear extension which was under permitted development rights. The works were non-structural and didn’t require full planning permission, allowing for a faster project timeline.
We offered a competitive solution at 40% LTV with a monthly rate of just 0.65%. Our quick funding enabled the customer to proceed with the improvements efficiently, adding significant value to the property without delays.
- 1-6 units: up to 75% LTV
- 7 or more units: up to 65% LTV (no maximum unit limit)
- Up to 65% LTV where units average £750,000 or above
- Regulated and non-regulated
- Experienced developers with a residential property that has reached practical completion, with the benefit of all consents and a warranty or PCC
- Property developers who need more time to sell properties or organise long-term finance
- House builders who want to refinance their existing development facility to extend the sales period and/or save money
- Developers who want to release capital to move on to another project
- If there are delays in the sale completion or in securing long-term finance
- If a project overruns and funding can’t be extended
- When development project costs have exceeded budget
- To release additional capital from a completed project
- For individual units or a large development of 100s of units – there are no limits on this product
