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   £50M   over   periods   from   3   to   24   months.   We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5   years   duration.   Our   loans are secured on freehold property across England and Wales. You will always speak to a decision maker who will take time to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE 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   £50M   over   periods   from   3   to   24   months. We   can   also   offer   medium-term   Base   Rate   Tracking   loans   from   2-5 years   duration.   Our   loans   are   secured   on   freehold   property   across England and Wales. You    will    always    speak    to    a    decision    maker    who    will    take    time    to understand you and your situation. For a confidential discussion in the first instance contact us on:   Tel 03332 400 506   Email enquiry@centralbridging.co.uk Online
Central Bridging, 34 Queen Anne Street, London, W1G 8HE 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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