Light Refurbishment Loans

Transform Properties with Flexible Development Finance

Looking to breathe new life into a property? Our light refurbishment bridging loans are designed to help you unlock the potential of residential properties through quick, efficient financing. Whether you're upgrading a single property or converting it into a House in Multiple Occupation (HMO), our development finance solutions provide the flexibility and speed you need to get started.

Why Choose Light Refurbishment Bridging Loans?

Light refurbishment projects are perfect for property investors and developers looking to add value without extensive planning permissions. From cosmetic upgrades to structural improvements, our bridging loans for refurbishment cover a wide range of works, including:

  • Internal reconfigurations to maximize space and functionality.

  • Kitchen and bathroom upgrades to attract higher rental yields.

  • Rewiring and electrical work to meet modern standards.

  • HMO conversions for up to 6 tenants, boosting rental income.

With competitive rates and fast approvals, our development finance options are tailored to help you achieve your property goals without delay.

Key Benefits of Our Light Refurbishment Loans

  • High Loan-to-Value (LTV): Borrow up to 80% Net LTV, giving you the funds you need to start your project.

  • Rolled-Up Interest: Maintain your cash flow with the interest rolled into the loan, so you only pay when the project is complete.

  • No Early Repayment Charges: Exit the loan early without penalties after a minimum of 3 months.

  • Fast Decisions: Get a fully underwritten Decision in Principle (DIP) on day one, so you can move forward with confidence.

  • Below Market Valuations (BMVs): Access properties at discounted rates, maximising your investment potential.

Ready to Start Your Refurbishment Project?

If you're looking to add value to a property through light refurbishment, our bridging loans offer the perfect solution. With competitive rates, fast approvals, and flexible terms, we’re here to help you achieve your development goals.

Contact us today to learn more about our refurbishment finance options and take the first step toward transforming your property portfolio!

  • The Loan-to-Value (LTV) ratio for an unregulated bridging loan typically ranges from 65% to 80%, depending on factors such as the type of property, exit strategy, lender criteria, and the borrower's financial profile.

    Key factors influencing the LTV include:

    • Property type – Residential, commercial, or mixed-use properties may have different LTV ratios.

    • Exit strategy – A strong plan, such as refinancing or property sale, can help secure a higher LTV.

    • Borrower profile – Experienced investors with strong assets and liabilities often have access better terms.

    • Lender policies – Specialist lenders offer higher LTVs and target specific niches in the market. Choosing the right lender will maximise the LTV you are able to receive as a borrower.

    In some cases, lenders may offer up to 100% LTV if additional security, such as another property or valuable assets, is provided.

  • Unregulated bridging loans can be completed in as little as 48 hours, with most transactions finalised within 10-20 working days.

    For clients requiring rapid completion, options like no valuation or using an AVM’s or Desktop valuations can help reduce underwriting time.

    Whilst these products can cost more than their slower counterparts the upfront costs are often lower and the credit and underwriting processes are significantly accelerated.

    For cases with tight deadlines, such as auction purchases, working with a broker who can expedite the process and has leverage with lenders is crucial to ensure timely completion.

  • The unregulated bridging loan market is vast, with thousands of lenders, each specialising in niche sectors.

    Some high-street banks offering unregulated bridging loans (typically through intermediaries or specialist teams) include:

    • HSBC

    • NatWest

    • Barclays

    • Lloyds Bank

    • RBS

    • Santander

    These banks usually work with specialist lenders or brokers to provide unregulated loans for businesses and property investors.

  • Bridging loan interest rates typically range between 0.5% and 2% per month, equivalent to an annual rate of 6% to 24%. This means the cost of borrowing can range from £500 to £2,000 per month per £100,000 borrowed.

    The average interest rate is around 0.95% per month, equating to £950 per month per £100,000. Rates can vary depending on the level of risk the lender is willing to take, often influenced by the loan-to-value (LTV) ratio. The higher the LTV, the higher the perceived risk, which may result in higher interest rates.

  • Unregulated bridging loans lack FCA oversight, meaning fewer consumer protections. Whether a loan is regulated or unregulated depends on your situation; for example, most buy-to-let loans are unregulated as they’re for investment, not primary residence.

    Borrowers should disclose all relevant information to the broker and clarify the loan's purpose and their financial situation. To mitigate risks, ensure a clear exit strategy and fully understand the loan terms, ensuring alignment with financial goals and repayment capabilities.

  • Terms vary by lender, with some imposing early repayment fees and others offering flexible repayment options. As these terms can change during the process, it's crucial to review illustrations, formal offers, and facility letters to check if penalties apply.

    We offer unregulated bridging loans with no early repayment chargescontact us today!

  • Yes, the majority of unregulated bridging loans are used to finance property development projects, including refurbishments and conversions, due to their flexibility and speed.

Top Tips for a Successful Bridging Loan Application

Securing a bridging loan can be a smart solution for short-term financing, but getting your application right is crucial. Follow these expert tips to boost your chances of approval and avoid costly mistakes.

  1. Ensure You Meet the Lender's Criteria
    Before applying, make sure your property and financial profile align with the lender's requirements. Unregulated bridging loans vary widely, so choosing a lender who is eager to take on your deal can help you avoid unnecessary legal and valuation costs.

  2. Work with a Specialist Broker
    A bridging finance expert can help you find the best rates and terms for your situation. Brokers have access to hundreds of lenders, including private investors and family offices, who actively seek new business. Just like insurance, using a specialist broker often provides better value than going directly to the most advertised lenders. They also know which lenders are reliable, fair, and committed to delivering on their promises without last-minute changes.

  3. Have a Strong Exit Strategy
    Lenders want to see a clear plan for repaying the loan. Whether you plan to sell the property, refinance with a long-term mortgage, or use another repayment method, a solid exit strategy reassures lenders and improves your chances of approval.

  4. Choose a Transparent and Fair Lender
    Avoid lenders or brokers who have hidden fees or unfavorable terms. Always ensure that all costs, including interest rates, arrangement fees, and exit fees, are clearly outlined and fully transparent.

  5. Partner with a Reputable Provider
    Choose a lender that aligns with your needs, treats clients fairly, and has a strong market reputation. Some large, heavily marketed lenders impose strict and often punitive terms on direct clients, so be cautious and do your research.

  6. Understand the Loan Terms Before Signing
    Before committing, make sure you fully understand all the terms and conditions. Review interest rates, fees, repayment schedules, and other critical details to ensure they align with market standards and your financial goals.

  7. Work with a Well-Capitalised Lender
    Choose a lender with sufficient funds to complete your loan without delays. Be cautious with peer-to-peer lenders, as they may need extra time to raise capital, and terms could change throughout the process.

  8. Define Your Loan Purpose Clearly
    Lenders and brokers need to understand why you require the loan for regulatory compliance and product matching. Whether it's for property acquisition, development, or covering a short-term cash gap, having a clear and well-documented purpose will strengthen your application.

  9. Avoid Unnecessary Delays and Costs
    Ensure you meet all lender criteria before applying to prevent unexpected cancellations or costly delays. Have your broker verify this in advance, or choose a product that allows switching if needed.

By following these tips, you can streamline your bridging loan application, secure the right funding, and achieve your financial goals with confidence.

How to Apply

  1. Contact Us
    Apply directly with us, and we’ll discuss the pros and cons of no valuation bridging loans, ensuring you understand your options.

  2. Receive a Quote
    Get a personalised quote for a no valuation or desktop valuation bridging loan by submitting your case for a no-obligation quote. We’ll assess your needs and provide a tailored solution.

  3. Guidance
    We guide you through the application process, offering market-leading rates from our investors or the wider bridging loan market. Our expert advice ensures you get the best deal.

  4. Processing
    We handle all aspects of the loan, including underwriting, legal procedures, and valuation (if applicable), until the loan is successfully completed.

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