LDNfinance is well-positioned to assist with finance for homeowners or developers looking to complete a quick residential or commercial project involving an acquisition, refurbishment and a sale. Our well-connected development finance brokers can secure highly leveraged funding to assist in both light and heavy refurbishment projects.
Our panel of high street, specialist and private lenders have an appetite to provide a range of short-term loans that enable property developers to carry out light or heavy refurbishment works on their own residential, or investment properties. Each lender will have their own definition of what a light or heavy refurbishment is, but generally they equate to:
- Heavy refurbishment
Significant structural work, costing over 15% of the property’s value. May require planning permission or involvement from building regulations. For example, loft conversions or rear/side extensions.
- Light refurbishment
Usually cosmetic improvements, as well as electric rewiring, damp proofing and new installations of bathroom suites and kitchens. These refurbishment costs will equate to less than 15% of the property’s value.
Independent financial advice for experienced property landlords
We have an extensive pool of experience and knowledge within the development finance sector. Our dedicated brokers will take the time to listen to your unique financial circumstances and source a suitable funding solution. We understand that no two property refurbishments are the same, which is why we endeavour to find a bespoke finance solution that’s tailored to your next refurbishment.
Property investors that can quickly raise funding to carry out light and heavy refurbishments can improve the value of a property fast, and then sell it on for a profit, or refinance it under a buy to let mortgage. Our brokers acknowledge the importance of financial flexibility and will work with you to complete and present all of the necessary paperwork to prospective lenders to achieve the desired outcome – taking your property portfolio forward.
Let’s discuss your next exciting refurbishment opportunity and arrange a bespoke finance solution that works on your terms.