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Shawbrook has released a new “Lending for Refurbishment Costs” option. In addition to borrowing 75% LTV against the lower of Day 1 purchase price or value, applicants may now borrow up to 100% of the refurbishment costs on a single, larger facility.
This product is currently only available through a limited panel of distributors, including Brightstar and features the following criteria:
Priced on a loading basis with 0.10% added to the standard 75% LTV margin, a rate of 0.80%pm is available on single lets, multi-units and HMOs, with 0.91%pm available across semi-commercial security.
READ MORE about the client scenarios we’re able to assist you with