Heavy Refurbishment Loans
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What are Heavy Refurbishment Loans?
Heavy Refurbishment Loans are needed and lent when a residential property needs significant refurbishment with planning permission and or building regulations in place.
Typical examples and users requiring a heavy refurbishment loan include:
- A developer who needs finance to carry out an extension, internal restructure or another type of significant refurbishment will add value to the property interior.
- Structural changes to a HMO (to use available space to make more room) or the conversion of a single dwelling to a HMO, where planning is required.
- Multi-Unit or multiple flat refurbishments, the option of converting a single property into flats to increase their value or rent.
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