Bridging lender, London Credit, has announced the launch of a “Fast & Flexible Refurb” product.
The product will allow for up to 100% of the cost of works and can be used to finance renovations, extensions or conversions.
London Credit also confirmed that the product allows for further advances, which can be considered for additional work without the need for a new facility – avoiding additional legal or other fees.
The offering is available up to a maximum term of 18 months and can be secured against most types of properties in England, across residential, semi-commercial and commercial to residential conversions. It will be available up to a maximum LTV of 70% on loan sizes from £100,000 to £3m.
“Property refurbishment continues to present a big opportunity for investors and often renovations, extensions, or even conversions, can be completed quickly to deliver an uplift in rental potential and capital value,” commented credit manager at London Credit, Marios Theophanous.
“For those investors who are looking for a fast and flexible funding solution on refurbishment projects, we have launched Fast & Flexible Refurb. The product is supported by our exceptional service, which means we are able to help investors access new refurbishment opportunities within days of submitting an application.”
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