Most mortgage lenders require properties to be in good condition and with all necessary amenities before they’ll agree to lend. If however, you’re interested in purchasing or refinancing a property without amenities — like a kitchen or bathroom — you’ll need to carry out significant works for the property to be labeled as habitable. This is where refurbishment bridging finance comes in.
Our refurb bridging calculator can help you visualise your finances, making it easy to see how much you can lend and if the repayments are feasible with your projects. To get started, you’ll need to provide some key details, including:
To successfully apply for refurbishment bridging finance, you’ll need to provide some information so that a lender can complete relevant background checks. These include:
As businesses and individuals can request loans for both minor renovations and serious refurbishment, the amount of a refurbishment bridging loan will vary from case to case. At Positive Commercial Finance, we want to make sure that all of our customers have the funds they need for their projects to succeed, which is why we offer loans from anywhere between £50,000 and £100 million.