BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

REFURBISHMENT &

RENOVATION LOANS

KNOWLEDGE BASE

Refurbishment   and   renovation   loans   can   be   a   really   useful   tool   for   developers   looking   to   complete   either   a   heavy   refurbishment   or   minor   development   of an   existing   residential   property   or   to   fund   a   change   of   use   from   commercial   to   residential   property,   perhaps   under   ‘Permitted   Development’   rules   where formal planning permission is not required. Property   improvement   works   can   be   a   complex   area,   especially   when   it   comes   to   finance.   Ultimately,   the   best   way   to   determine   what   type   of   finance   is required   is   to   assess   how   extensive   the   project   is,   how   long   it   will   take,   how   much   it   is   likely   to   cost   in   a   best   and   worst-case   scenario   and   what   the   likely Gross Development Value (GDV) will be upon completion. Suitable    property    types    for    refurbishment    &    renovation    loans    include    residential,    buy    to    let,    HMO,    investment    and    commercial    properties.    Light refurbishment   loans   can   be   appropriate   for   properties   that   are   uninhabitable   and   require   internal   refurbishment.   They   can   also   be   used,   as   mentioned above, in Permitted Development cases where empty commercial premises can be converted into residential accommodation. Heavy   refurbishment   or   renovation   loans   are   typically   used   for   extensions,   basement   digs,   loft   conversions,   larger   commercial   to   residential   conversions and barn conversions. For   developers   it   is   important   to   deal   with   lenders   who   understand   the   key   areas   of   refurbishment   and   renovation   loans   as   outlined   above.   Securing   a bespoke   finance   arrangement   for   a   development   project   allows   the   developer   to   devote   their   time   and   energy   towards   fully   overseeing   and   running   the project at hand rather than having to fund everything through multiple channels with all the complexity this adds. Depending   on   the   type   of   project   a   developer   wants   to   embark   on,   there   are   a   variety   finance   options   available.   Experienced   developers   can   often   use property   they   already   own   to   secure   lending.   With   enough   equity   in   an   existing   portfolio,   finance   can   be   secured   to   fund   a   refurbishment   or   renovation project. This in turn might allow liquidity to be deployed in the further expansion of the developer’s portfolio. The   successful   property   developers   with   a   quality   CV   that   lenders   look   for   are,   by   definition,   good   planners   and   adept   at   securing   the   best   finance   deals   for their refurbishment and renovation projects. Still unsure and need to explore your options? Why not consult an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record.   We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business   use   from £250K to £2.5M over periods from 3 to 24 months. Our loans are secured on freehold property across England and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time   to   understand   you   and   your   situation   and   unlike   some   of   the   bigger   banks   will   then tailor a solution that best suits your needs rather than their own. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506   Email: enquiry@centralbridging.co.uk   Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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BESPOKE BRIDGING LOAN

& SHORT TERM LENDER

Refurbishment    and    renovation    loans    can    be    a    really    useful    tool    for developers   looking   to   complete   either   a   heavy   refurbishment   or   minor development   of   an   existing   residential   property   or   to   fund   a   change   of use   from   commercial   to   residential   property,   perhaps   under   ‘Permitted Development’ rules where formal planning permission is not required. Property   improvement   works   can   be   a   complex   area,   especially   when   it comes   to   finance.   Ultimately,   the   best   way   to   determine   what   type   of finance   is   required   is   to   assess   how   extensive   the   project   is,   how   long   it will   take,   how   much   it   is   likely   to   cost   in   a   best   and   worst-case   scenario and    what    the    likely    Gross    Development    Value    (GDV)    will    be    upon completion. Suitable   property   types   for   refurbishment   &   renovation   loans   include residential,    buy    to    let,    HMO,    investment    and    commercial    properties. Light   refurbishment   loans   can   be   appropriate   for   properties   that   are uninhabitable    and    require    internal    refurbishment.    They    can    also    be used,    as    mentioned    above,    in    Permitted    Development    cases    where empty     commercial     premises     can     be     converted     into     residential accommodation. Heavy     refurbishment     or     renovation     loans     are     typically     used     for extensions,     basement     digs,     loft     conversions,     larger     commercial     to residential conversions and barn conversions. For   developers   it   is   important   to   deal   with   lenders   who   understand   the key    areas    of    refurbishment    and    renovation    loans    as    outlined    above. Securing    a    bespoke    finance    arrangement    for    a    development    project allows    the    developer    to    devote    their    time    and    energy    towards    fully overseeing   and   running   the   project   at   hand   rather   than   having   to   fund everything through multiple channels with all the complexity this adds. Depending   on   the   type   of   project   a   developer   wants   to   embark   on,   there are   a   variety   finance   options   available.   Experienced   developers   can   often use   property   they   already   own   to   secure   lending.   With   enough   equity   in an   existing   portfolio,   finance   can   be   secured   to   fund   a   refurbishment   or renovation   project.   This   in   turn   might   allow   liquidity   to   be   deployed   in the further expansion of the developer’s portfolio. The   successful   property   developers   with   a   quality   CV   that   lenders   look for    are,    by    definition,    good    planners    and    adept    at    securing    the    best finance deals for their refurbishment and renovation projects. Still   unsure   and   need   to   explore   your   options?   Why   not   consult   an expert? Central   Bridging   are   bridging   loan   specialists   with   a   great   track   record. We   are   a   principal   lender   offering   a   range   of   loan   facilities   for   business use   from   £250K   to   £2.5M   over   periods   from   3   to   24   months.   Our   loans are secured on freehold property across England and Wales. Crucially   you   will   always   speak   to   a   decision   maker   who   will   take   time   to understand   you   and   your   situation   and   unlike   some   of   the   bigger   banks will   then   tailor   a   solution   that   best   suits   your   needs   rather   than   their own. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, Granary Wharf, Wharf Road, Burton on Trent, Staffordshire, DE14 1DU Tel: 03332 400 506  Email: enquiry@centralbridging.co.uk Web: www.centralbridging.co.uk Central Bridging is a trading style of Central Bridging Loans Ltd. Registered in England & Wales | Company Registration Number 07728274. Central Bridging is not regulated by the Financial Conduct Authority (FCA). All loans arranged by Central Bridging are non regulated contracts as defined under The Financial Services and Markets (Regulated Activities) Order 2001 and the Financial Service and Markets Mortgage Credit Directive Order 2015. © Copyright Central Bridging Loans Limited Privacy Policy
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REFURBISHMENT &

RENOVATION LOANS

KNOWLEDGE BASE

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