Short Term Renovation and Refurbishment Loans

Short Term Renovation and Refurbishment Loans are ideal should you wish to make improvements to an existing residential or commercial property.

Short Term Loans (renovation) can be used to make simple up-grades to a home, such as a kitchen or bath improvement, or to completely re-construct a home that is presently un-mortgageable. They can also be used to demolish an existing structure and re-build totally.

These types of loans are generally used when the value of the home as it exists today is insufficient to support the financing needed to renovate the home.
For example, let’s assume that you are purchasing a home for £200,000 and wish to invest an additional £50,000 to renovate it. Traditional loans will offer you the funds to purchase the home but will not advance additional funds to renovate it. Our renovation short-term loans will finance both the purchase and renovation of a property.

Or, let’s assume that you own a home presently worth £200,000, you have a sizeable mortgage loan on it, and that you wish to invest £50,000 on improvements. You can’t obtain a traditional loan because you do not have any equity

Again, our short Term Renovation Loans can finance such improvements, provided that the value of the home after the improvements has increased sufficiently to support your application.