Getting Finance for a Refurb when Non ResidentMake Text Bigger
I am a UK citizen now based In Singapore looking for help getting finance when I am non-resident in the UK.
I have one BTL property in London and a family home which is let out at the moment (both on mortgages via HSBC). I am looking to step up my investment & involvement levels significantly over the next 3-6 months starting with a flip. Likelihood is it will be on a c $150k bungalow somewhere with £10-15k refurb costs. I have c £65k of capital to cover deposit & all costs but am still weighing up finance options.
I am then looking to follow this with 2-3 flips per year of a similar value with the option of retaining every 3rd or 4th deal if the maths of the deals make this possible. Probability is that I will be visiting the UK every 4-8 weeks for 7-10 days to oversee the process.
Any suggestions about routes to follow for financing (bridging vs. BTL mortgages) and any particular brokers to recommend would be much appreciated.
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