13:38 PM, 12th June 2014, About 7 years ago
The New Interbay commercial Term Refurb mortgage product allows a refurb period for a borrower to enhance the value and earnings potential of a property with a view to holding.
This is a longer term product with a period during which the property will be vacant to allow property owners to undertake a refurbishment project.
There are plenty of bridging finance products in the market, but some borrowers are looking for a longer term loan that does not need to be repaid inside 6 months.
The shorter term refurb loan can then be refinanced up to 85% LTV after works completed!
Interbay have their own in house surveyors who complement the external valuations that are undertaken allowing them to accurately assess and underwrite this type of mortgage.
If you would like our assistance with the above or any type of property finance please complete the form below or alternatively call 01603 489118.
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