Term

Minimum 3 months, maximum 24 months

Repayment

Interest retained

Advances

Refurbishment costs will be funded in arrears. Where costs exceed £75k, an asset manager/monitoring surveyor will be required to report on, and oversee works at the Borrowers cost.

Undervalue purchase

Acceptable up to 90% of Purchase Price / 70% LTV

Property Considered

Standard Houses and flats of standard construction requiring refurbishment or conversion without planning permission.

Non standard construction up to 60% of OMV

Ex Local authority flats up to 70% LTV, houses to 75%

Ex Local Flats with deck access over 5 storey’s max 60% LTV

HMO and Multi Unit conversions up to 6 units

Lending Area

England, Wales & Northern Ireland

Available to:

UK Resident Individuals and Ex Pats

Limited Company SPVs registered in England, Wales & Northern Ireland