A classic buy-refurb-sell deal with great potential

Property Type:

Residential

Funding:

Bridging Loan, Refurbishment Loan

The Project

A classic buy-refurb-sell deal with great potential. The client purchased a tired 2-bed semi in a popular resale area, planning a light cosmetic refresh to modernise the space and increase its value. With a promising projected sale price and a quick refurbishment timeline, having funds at the ready was essential.

Our Approach

We crafted a funding package tailored to the client’s needs:

  • Day 1 funds provided to help with the purchase
  • 100% of refurbishment costs covered (paid in arrears)
  • No monitoring surveyor or QS required — since it was a light refurb, the client could self-certify the work
  • 12-month term, giving ample time to complete and sell
  • Based on 75% LTGDV, balancing funding with profitability

This setup allowed the client to move quickly and confidently, knowing their funding matched their project timeline perfectly.

The Result

With funding secured, the refurbishment is progressing well, and the property is on track to return to market in a refreshed state — with a solid profit expected on sale.

Bridging Loans – Key Features

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  • Fast Decisions: Initial responses typically delivered within hours—perfect for time-sensitive situations like auction purchases.
  • Loan Size: £100,000 – £2.5 million.
  • Loan-to-Value (LTV): Up to 75% of the end value (Gross Development Value or market value), with flexibility available on a case-by-case basis.
  • Desktop valuations are available
  • Term: Usually up to 12 months, but occasionally longer if LTV can support it.
  • Interest Roll-Up: Interest can be “rolled up” and repaid at exit, easing cash-flow pressure during the loan term.
  • Interest Serviced: Interest can also be “serviced” allowing a larger day 1 cash drawdown (subject to serviceability).
  • Exit Strategy Required: Clear repayment strategy—such as sale or refinance—must be established at the outset.
  • Security: First legal charge on the property is required.
  • Transparent Costs: Arrangement fees typically start at 1%. No early repayment or exit fees, and no hidden admin charges.
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Bridging Loans

Refurbishment Loans – Key Features

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  • Loan Size: From £100,000 to £2.5 million, with flexibility for more complex projects.
  • Term Length: Up to 18 months, giving you time to complete works and exit.
  • Market Leading Loan-to-Value (LTV): Up to 75% of post-works value (GDV) based on a 180-day VP valuation.
  • Interest: Rolled up and paid at the end of the term—preserving your working capital.
  • Security: Requires a first legal charge on the subject property.
  • Exit Strategy: Must be clear—either via refinance or sale post-refurb.
  • Transparent Fees: Arrangement and exit fees from 1%, no early repayment penalties, no unnecessary admin charges.
  • QS Monitoring Costs: Only for complex schemes (Seneca does not add internal monitoring fees), no QS required if refurb cost is sub £50k and works are non-structural.
  • Desktop Valuations Considered: Desktop valuations also considered if works are sub £50k (property value up to £300k).
  • Unregulated Product: these Bridging loans are not FCA-regulated, they are not available for owner-occupied residential properties.
Learn more about our Refurbishment Loans

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