HEAVY REFURBISHMENT
Heavy Refurbishment Bridging Finance is a short-term loan tailored for substantial property renovations. It's ideal when standard mortgages don't apply due to the property's condition.
This finance option helps investors or developers fund significant works like structural changes, extensions, or complete overhauls. It bridges the gap between purchase and either sale or long-term financing once the refurbishment is complete.
Its quick access to funds and flexible terms suit properties needing extensive work to reach market potential or habitability standards.
WHAT IS HEAVY REFURBISHMENT BRIDGING FINANCE?
NO UPFRONT FEES
NO BROKER FEES
Key benefits of Short Term Bridging Finance:
PURPOSE & USE
Funds major property renovations
Suitable for uninhabitable properties
Ideal for structural modifications
Enables extensive property overhauls
FEATURES & BENEFITS
Short-term, fast-access financing
Flexible lending criteria
Higher borrowing potential
No long-term financial commitment
CONSIDERATIONS & RISKS
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Higher interest rates than mortgages
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Requires clear exit strategy
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Security against property needed
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Risk of property devaluation
Experienced. Trustworthy. Tailored.
Clever Commercial is an award-winning brokerage with over 30 years expertise in providing bespoke property financing solutions. Competitive rates, flexible criteria, and unrivalled service. Build your future - partner with us.
WHY CHOOSE CLEVER COMMERCIAL?
FREQUENTLY ASKED QUESTIONS
What is Heavy Refurbishment Bridging Finance?
It's a short-term loan specifically for significant property renovations, ideal for projects too extensive for standard mortgages, such as structural changes or complete property overhauls.
Who can benefit from this type of finance?
Property developers, investors, and sometimes homeowners are undertaking substantial refurbishment projects requiring quick, flexible funding solutions.
What are the risks associated with this finance?
The risks include higher interest rates than traditional mortgages, the need for a clear exit strategy (sale or refinance), and the potential for property devaluation if the project doesn't go as planned.
How does repayment work with this type of finance?
Repayment typically occurs at the end of the loan term, either through the sale of the refurbished property or through refinancing with a more traditional, long-term mortgage solution.