Our 75% Net residential product is designed for clients who need maximum upfront liquidity.
For borrowers wanting to embark on a refurbishment project we understand that cash is key – therefore this loan is designed to not only support with the initial funds required towards their purchase but give an initial drawdown to ensure that there are no delays with embarking on their project.
With works forward funded throughout the term, clients have surety of funds and can comfortably progress the project through to successful completion.
Key Features
01
Up to 100% build costs covered
02
Works will be forward funded throughout the loan term
03
Refurbishment funds are released on the same day the monitoring agent’s report is received, whether conducted remotely or in person
04
Full title insurance
05
No upfront legal undertaking available up to £1m
06
Dual representation available up to £750k
07
+ Instant valuations at no cost to the borrower for light works
08
+ Desktop valuations within 48 hours for light works
09
+ Full valuation for medium/heavy refurbishment
10
No exit fees
11
Flexible payment options
12
3-18 month term
13
Up to 100% purchase price is available with additional security as a 1st or 2nd charge
14
Electronic KYC & AML verification
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David Weir
National Account Manager
Scotland, North of England, and London
07810 235 763
Sam Lea
National Account Manager
Midlands, South Wales, and South of England
07774 809 330
x Heavy refurb includes exit fee of 0.5%
* For max LTV on medium/heavy refurb homeowners and/or large portfolio only
+ The valuation method chosen will be confirmed at application stage, following initial due diligence and at underwriting discretion. A pre-completion video walkthrough will be required, at no cost to the borrower
Refurbishment funds are released on the same day the monitoring agent’s report is received, whether conducted remotely or in person