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Refurbishment Lending for Costs

Criteria

  • Initial Loan 70% of the value
  • Refurbishment costs 100%
  • Gross facility up to 70% of end sales value
  • Loan size £250,000- £1.5m
  • Term – up to 18 months
  • Minimum value £300,000
  • Works must be lower of 50% of current value or £500,000
  • Experience essential

Suitable for

  • Extensions
  • Conversions
  • Planning
  • Permitted development
  • Heavy refurbishment
  • Structural works
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Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.