News & Updates

Amazing new refurbishment funding product launched for investors!

If you’re looking for new refurbishment funding this lending opportunity should be considered!

On new property purchases, in addition to borrowing 75% LTV against the lower of Day 1 purchase price or value, our funder allows applicants to now borrow up to 100% of the refurbishment costs on a single larger facility, with funds released on day one and no stage drawdown required.

Basic guidelines:

  • Loan may not exceed either 85% LTV against the lower of Day 1 purchase price or value, OR, 70% of GDV or after works value (whichever is lower)
  • All funds advanced to borrower on Day 1
  • No QS required, just an interim inspection at the end of month 3
  • Available on light refurbishment projects across residential and semi-commercial security
  • Ability to capital raise and refinance, once the works are complete on to a term solution with no fee !!!

If your next project involves a refurb, this product could work really well for you! To find out more, please call Dave Ottley on 07747 444504 or email dave@balanceforbusiness.co.uk

Check out our other types of property finance below:

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