A client’s first foray into property in the UK

Funded:

£106,068

Location:

North West

Property Type:

Residential

Funding:

Refurbishment Loan

Helping the purchase and renovation of a property to start of a portfolio.

  • £106,068net loan. 96,068 towards purchase and 10k for renovations with no QS needed, using our light refurb product.
  • Helping our existing clients to purchase their new property for renovation and start their property portfolio.
  • Desk top valuation completed within 48 hours.
  • Self cert drawdowns-photos/Invoices
  • Excellent working relationship with Hallcroft Finance

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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10 Day Turnaround for Refurbishment Finance in Sheffield

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Property Type:

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Refurbishment Loan

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Location:

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Location:

North East

Property Type:

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Funding:

Refurbishment Loan

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