16:07 PM, 12th November 2018, About 3 years ago
A new refurb buy-to-let proposition has been launched designed to help landlords maximise rental yields by refurbishing a target property before renting it out, as well as enabling them to take value from the property to reinvest elsewhere.
The proposition is suitable for a wide range of landlords, including personal, limited company and HMO applicants, and offers Interest Cover Rate options to help with affordability. Customers must be confident they can complete any refurbishment work within the buy-to-let offer validity period.
It is supported by a streamlined process designed to make placing a case with the lender as easy as possible:
Bridging rates start from 0.49% per month and customers can choose from a range of competitive products. No mortgage repayments are required whilst the refurbishment works are being completed.
With landlords looking at different ways of boosting their profits, this product gives them a new way of increasing rental yields and capital values. Landlords have traditionally faced difficulty in securing finance to refurbish a property before letting it out. This product enables them to do so, and it is backed up with a host of features which are designed to make applying for it as easy as possible.
If you need assistance with this or any other type of property finance please complete the contact form below and we will be happy to help.