Report topic or post
If you feel like the content shown below has broken cherry's rules, please click the "Report to cherry" button at the bottom to let us know why.
Heavy Refurb Bridging - short term loans to make bigger changes
In July Crystal are committing to extra help and guidance for our brokers on Development Finance and Heavy Refurb Bridging.
What constitutes 'Heavy' Refurb bridging?
Lenders will have differing criteria for determining this but the following is what is generally referred to as 'heavy'.
- Structural changes (e.g two rooms made into one)
- Planning permission required
- New extension or building (on the same land)
- Change of property purpose (e.g commercial to residential)
- Adding new floors
- Changing the footprint of the building
Development and Bridging finance can be complex but that is why we’re here. Our expert team are here to make this easily accessible to you and your client.
|
Heavy Refurb Bridging Highlights
● Heavy refurb rates from 0.6% pcm ● Loans from £10k - £30m
● Desktop valuations possible
● Dual representation available ● No income verification ● No exit fees / No ERCs ● Adverse considered ● Fast track completions ● BMV considered ● All property types considered |
 |
|
Contact the Experts...
Speak to our team of experts today on
01827 301 070
and see how we can help you complete more cases for your clients.
|
