90% Loan to Value Property Refurbishment Loan

  • Our clients wished to purchase a residential property at auction
  • Their intentions were to refurbish the property and then transfer to a Buy to Let Mortgage
  • They had sufficient funds to refurbish the property, but this left them with only a 10% deposit plus associated costs
  • Their investigations showed that once refurbished the property’s value would increase to a position allowing them to get a 75% BTL mortgage
  • Working with one of their specialist finance institutions BusinessFinanceQuote.com was able to raise a mortgage providing 90% of the purchase price of the property, and to do it within the timelines set down by the auction house
Please note our clients credit status allowed a deal to progress on this occasion. We would advise that each clients circumstances can be different and cannot be guaranteed every time