We can provide fast finance for your property refurbishment because when it comes to renovating a property – getting works underway quickly is important.
Permitted and light development bridging loans allow homebuyers, property investors and landlords to invest in properties in need of refurbishment and then carry out the required work. They help utilise and unlock potential property equity by either fully converting, or simply refurbishing a property, before renting or selling the asset.
Refurbishment projects are popular in the UK for two key reasons:
- They hold the potential to add tens of thousands of pounds to the overall property value
- Refurbished properties can provide increased rental income from buy-to-let and Houses in Multiple Occupation tenants