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Property Refurbishment Loans - Get a Quote

Property refurbishment loans offer businesses a financial pathway to revitalize and enhance commercial buildings. Used predominantly by UK SMEs, these loans can fund significant renovations and repairs, boosting property value and operational efficiency. For more insights into how these loans function, check our comprehensive guide on development finance.

Property Refurbishment Loans

Secure up to £500,000 in Property Refurbishment Loans with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Property Refurbishment Loans?

These loans provide essential capital for property improvements, potentially increasing property value and enhancing your business environment. With borrowing capacities ranging from £50,000 to £10,000,000, decision speeds that could see funds available between two weeks to eight weeks and competitive rates, property refurbishment loans can be tailored to fit various project scales. Learn more about optimizing your finance options here.

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What are the different types of Property Refurbishment Loans?

Bridging Loans

Bridging loans offer flexible, short-term financing solutions, typical amounts range from £50,000 to £10,000,000 with terms of 6 to 18 months. These loans often require property ownership or a significant equity stake. Discover more about bridging loans.

Bridging Loans

Focusing on short-term refurbishment projects, bridging loans serve as a temporary measure with interest rates of 0.5% to 1.5% per month. Common sectors utilizing these loans include hospitality for hotel refurbishments and retail for store updates. Initial decisions can be made within 48 hours, with funds available in approximately 2-3 weeks. Delve into our detailed overview here.

Development Finance

Development finance is ideal for substantial refurbishment projects, offering £200,000 to £5,000,000 over 6 to 36 months. Eligibility requires a detailed project plan and previous development experience. Explore eligibility requirements for development finance.

Development Finance

This type of finance supports major property refurbishments or redevelopment, with interest rates from 4% to 8% APR. Applications undergo rigorous due diligence, and decisions are typically made within 5-10 days. Manufacturing and tech sectors commonly utilize this finance for upgrading facilities and creating office hubs respectively. Learn more here.

Refurbishment Mortgages

Refurbishment mortgages provide a longer-term solution, with loans of £50,000 to £2,000,000 and terms from 12 to 60 months. These require good credit and clear refurbishment plans. Secure insights on applying for such mortgages here.

Refurbishment Mortgages

These mortgages support both leased and owned properties, aiming to enhance utility or attract tenants, with interest rates between 3% and 7% APR. Decisions are reached within 1-2 weeks, with funds accessible in 4-6 weeks. They are frequently employed in the retail and hospitality sectors for upgrading chains of stores and guest accommodations. Discover more about these offerings here.

What is a Property Refurbishment Loan?

Application Processes and Timelines

Applying for a property refurbishment loan involves submitting detailed financial projections and refurbishment plans. Initial decisions range from 48 hours to 10 days, with funds available within 2 to 8 weeks post-approval. For a comprehensive guide on application steps, visit here.

Regulatory and Compliance Requirements

These loans must comply with the FCA regulations, ensuring fair lending practices and transparency. Businesses can expect thorough checks to meet legal and anti-money laundering standards. For more on compliance, see our dedicated section on property finance regulations.

Borrowing Capacity and Rate Information

The loan amounts depend on factors like creditworthiness and anticipated property value increases. Interest rates vary from 0.5% per month to 8% APR, with associated fees. Check detailed rate information on our finance page.

FAQ’S

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